Progressive Politics

3564 readers

219 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago

MODERATORS

TokenBoomer@lemmy.world

222

If We Tax Rich People... They Will Just Leave! (youtu.be)

submitted 4 weeks ago by ShaggySnacks@lemmy.myserv.one to c/progressivepolitics@lemmy.world

28 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] PunnyName@lemmy.world 5 points 4 weeks ago

If billionaires leave and don't own the rental, then rent won't be increased to help them amass more wealth.