How wealth taxes backfire
Something predictable happened right before Washington state’s new tax on stock sales took effect. The state’s richest resident, Jeff Bezos, moved out. In doing so, he saved hundreds of millions of dollars in taxes.
It’s one of many examples that prove when politicians raise taxes, wealthy people relocate to other areas. #economics #taxes #jeffbezos
It’s one of many examples that prove when politicians raise taxes, wealthy people relocate to other areas. #economics #taxes #jeffbezos
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