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lambdaphagyyesterday at 2:29 AM2 repliesview on HN

I don’t think I understand your argument. If a wealth tax causes the wealthy to leave then you have even less tax revenue than before, right?


Replies

WalterBrightyesterday at 3:07 AM

You also lose the jobs the wealthy were paying for, and the taxes those employees would have paid, and the sales tax the wealthy are no longer paying, and so on.

dh2022yesterday at 3:58 AM

There was no tax revenue to begin with-nobody paid income taxes in WA before the millionaire tax. The jobs the rich will take with are few and very specialized: tax accountants, security people, some administrative assistants. When billionaires leave whoever mowed their lawn or cleaned their pool will do the same job - for the next owner.

What the politicians will do with these taxes does not matter to me. The only thing I dispute is this sense of doom because, of my god, Bill Gates and Andy Jassy and Howard Schultz and Ballmer will pick up their toys and leave.