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A comment on Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea. Parent comment

Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by mcphage on Thursday October 22, 2020 @02:14PM (#24861271)
> capital flight is a real thing

Yep, that's why all of the rich people have left New York and California.

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Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by throwaways885 on Thursday October 22, 2020 @06:15PM (#24863851)
You think rich people are paying those kind of taxes? Why wouldn't they leave if this wealth tax were suddenly imposed upon them?
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Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by mcphage on Monday October 26, 2020 @11:00PM (#24904103)
> You think rich people are paying those kind of taxes?

Judging by the amount of wealth in New York and California: obviously yes.

> Why wouldn't they leave if this wealth tax were suddenly imposed upon them?

Because they want what the taxes get them.

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