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A comment on Wealthy people are renouncing American citizenship. Parent comment

Re:Wealthy people are renouncing American citizenship by Aunche on Thursday August 05, 2021 @09:49AM (#28073704)
Income and this income taxes are first derivatives of wealth. It doesn't make sense to directly compare the two. The wealthy spend relatively little of their wealth on discretionary spending.
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Re:Wealthy people are renouncing American citizenship by sobellian on Thursday August 05, 2021 @10:08AM (#28073926)
Ordinary income is not the first derivative of wealth, capital gains also contribute.
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Re:Wealthy people are renouncing American citizenship by trainsplanes on Thursday August 05, 2021 @10:26PM (#28082623)
>The wealthy spend relatively little of their wealth on discretionary spending.

So they have unnecessary wealth just sitting around that they don't need.

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