The Reason Roundtable
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How wealth taxes backfire
Posted
March 9, 2024
Views
84,562
Likes
3,300
Comments
407
Engagement
4.38%
March 9, 2024
84,562
3,300
407
4.38%
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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
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