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What does it even mean that an ultrawealthy person would "leave" a city? One not unreasonable interpretation is that they would no longer have standing to promo
by LargeWu 1y ago
What does it even mean that an ultrawealthy person would "leave" a city? One not unreasonable interpretation is that they would no longer have standing to promote their own interests there at the expense of the rest of the population. As a non-billionaire myself this sounds like a pretty good idea to me; what's good for billionaires is often not so good for everybody else.
- minton 1y agoI suppose they could take their enterprises with them. Removing jobs and taxes from the local economy.
- sam_lowry_ 1y agoAs if it was easy. The same Bernard Arnault was complaining recently about the difficulties of moving the production of luxury bags to the US. Their US factory was never profitable.