If you tax the wealthy they’ll leave.

We tax them. They leave.

Every country taxes them. They leave.

Now they live in international waters on giant boats. They hate it. The food is awful. They get norovirus a lot.

The world carries on, considerably better off.

@GrantMeStrength there doesn’t seem to be any actual statistical evidence that they do leave. Just anecdotal threats to intimidate government into not taxing them.
Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts

In two years levying a 4% surtax on incomes over $1 million, it's funded bridge repairs, bolstered literacy programs and tackled a transportation deficit.

Fortune

@FeloniousPunk @peterbrown @GrantMeStrength

The small uptick in fairness is tiny compared to trying to move businesses.

How does a landlord leave? Put apartments on barges?

@kevinrns @FeloniousPunk @peterbrown @GrantMeStrength Exactly - either they can't take their business with them, or they can & this opens up an opportunity in the market for someone else to step in. The only thing they can actually take away at will is their own taxes, but they do that already; none of them pay taxes, so what's the loss...?