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It's not about whether rich people should or should not feel it. It's not about whether they should or should not be taxed heavily. This isn't a normative quest
by mil22 7mo ago
It's not about whether rich people should or should not feel it. It's not about whether they should or should not be taxed heavily. This isn't a normative question - it's about incentives and mobility.
It's about what their alternatives are, where they choose to be domiciled, what job-creating businesses they take with them, and what effect that has on the state's economy over the long term.
As it is, California and New York have the highest income tax rates in the nation, and are both experiencing large net domestic out-flows. Florida and Texas have no state income tax and have been the largest net recipients of domestic migrants for several years.
- SecretDreams 7mo ago> Florida and Texas have no state income tax and have been the largest net recipients of domestic migrants for several years. Rich people don't like taxes or paying back into the systems they abused to get rich. Water is also wet.