TLDW
Capital flight is ultimately a myth cause the people who complain about high taxes and moving are already not paying taxes.
The vast majority of people aren’t going to give up their homes to save a few bucks.
TLDW
Capital flight is ultimately a myth cause the people who complain about high taxes and moving are already not paying taxes.
The vast majority of people aren’t going to give up their homes to save a few bucks.
I already did! I moved to California instead of undesirable places with <50% its CoL/taxes. And rent/taxes are a much bigger percentage of my income than they are for the rich!