Precisely. Why does Apple run an operation in Ireland instead of Illinois or California? It isn't the result of some sense of corporate generosity. It is pure fantasy to imagine capital will not flee the state when burdened with anticompetitive taxation.

That doesn't really happen. Certainly it is a scare tactic that the rich have successfully employed to fool people with, but rich folks tend to stay put even more than poor people.

Here's one article of many, many you can find:

https://www.citylab.com/equity/2016/06/do-taxes-really-cause...

The closing paragraph:

"Ultimately, the study finds that, while some millionaires do move to lower-tax destinations, the overall rate of millionaire migration is extremely low. When all is said and done, the super-rich tend to migrate less then the rest of us. The reason for this is simple—most people depend on the places they live for their incomes, since their businesses are based there. Indeed, this new study confirms an increasingly important fact of our economic geography: because some places generate a lot more wealth than others, the amount of money we make is largely tied to where we live."