8 ms·
Perhaps I missed it, but your TL;DR seems like a personal view rather than what is in the article. Do you have sources for your claims?
by ReluctantLaser 8mo ago
Perhaps I missed it, but your TL;DR seems like a personal view rather than what is in the article. Do you have sources for your claims?
- coderjames 8mo agoNot OP, but one example I can think of: Jeff Bezos moved from Washington state to Florida two years after Washington enacted a 7% capital gains tax "on the sale or exchange of long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets"[1] which "reportedly helped him save $1 billion in taxes."[2] [1]: https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax [2]: https://finance.yahoo.com/news/jeff-bezos-moved-florida-impacted-104522418.html https://finance.yahoo.com/news/jeff-bezos-moved-florida-impa...
- rvz 8mo agoIt’s not really hard to see such a migration if you simply follow the money. See [0] and [1] [0] https://www.forthcapital.com/uk/articles/2025-wealth-migration-why-a-record-16-500-millionaires-are-leaving-the-uk-and-where-theyre-going https://www.forthcapital.com/uk/articles/2025-wealth-migrati... [1] https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2025/country-wealth-flows https://www.henleyglobal.com/publications/henley-private-wea...
- lucaspm98 8mo agoThere's plenty of studies on this. There's unsurprisingly a modest but statistically significant migration of millionaires from high-tax to low-tax jurisdictions. https://www.asanet.org/wp-content/uploads/attach/journals/jun16asrfeature.pdf https://www.asanet.org/wp-content/uploads/attach/journals/ju...