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A comment on UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years. Parent comment

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by mcntsh on Friday March 24, 2023 @03:46PM (#35294460)
In NYC for example, 40% of the tax revenue comes from 1% of the tax payers[1]. High taxes are causing high earners to leave the city. What's going to fill that gap in revenue?

I'm not sure how it is in France though.

[1]: https://www.bloomberg.com/news/articles/2022-12-14/new-york-...

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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by pydry on Friday March 24, 2023 @08:40PM (#35297738)
Cristobal Young and Charles Varner did a study “Millionaire Migration and State Taxation of Top Incomes” and found that when taxes were jacked up on New Jersey residents they tended to stay despite low tax states (e.g. Connecticut) being quite close.
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