- cross-posted to:
- politics@hexbear.net
- cross-posted to:
- politics@hexbear.net
NYC billionaires threaten to leave if progressive candidate Zohran Mamdani wins mayoral primary. But is their fear of losing wealth justified, or just a desperate attempt to maintain power and privilege?
IIRC, Norway provided a real-world study on this. No surprise: A handful of blowhards left for lower-tax countries, but virtually all of the rich people stayed and just paid higher taxes.