#432 Tax Rich People... They Will Just Leave
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#432 Tax Rich People... They Will Just Leave
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このコンテンツについて
They Will Just Leave!", examines the economic counterargument that wealthy individuals will flee to lower-tax jurisdictions if taxes are raised, resulting in a loss of revenue, jobs, and businesses, a concept known as capital flight. It primarily analyzes the Laffer curve, which theoretically illustrates the relationship between tax rates and tax revenue, arguing that data suggests most countries, including the United States, are not at the point where raising top marginal tax rates would decrease overall revenue. Furthermore, the discussion posits that the threats of mass exodus are often exaggerated, citing evidence that the millionaire populations in high-tax areas like New York have actually increased and that factors like access to major economic hubs often outweigh marginal tax savings for most wealthy individuals. The transcript concludes that while wealthy emigration can occur, as seen in the UK, it is often tied to structural issues or political instability rather than merely tax rates, and the biggest loss from such migration is typically skilled human capital rather than financial wealth.