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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think that she doesn’t understand basic economics. Raising taxes doesn’t work - it just causes wealthy people to move to a lower tax state. See California population outflows…[/quote]

False 
https://www.forbes.com/sites/teresaghilarducci/2025/12/29/do-wealth-taxes-really-make-billionaires-leave/

“Cristobal Young and Charles Varner’s work using New Jersey and California tax data finds near-zero long-run migration elasticities among millionaires. Even after sizable tax increases, the number who leave is small, and the revenue gained from those who stay exceeds the revenue lost from movers.”

[/quote]

We are talking about the billionaire class. [/quote]

Are we? Because the PP said “wealthy”, not ultra rich.

Either way, there is no evidence that this happens.

https://www.forbes.com/sites/teresaghilarducci/2025/12/29/do-wealth-taxes-really-make-billionaires-leave/

[i]“Decades of economic research show that billionaire “flight” is rare, exaggerated, and often confused with tax avoidance through accounting maneuvers rather than physical relocation. That distinction matters. Policymakers who mistake avoidance for exit risk misdesign taxes and leave substantial revenue on the table. The proposed one-time wealth tax in California is exceptionally well-designed.”[/i]
[/quote]

Not a single citation in that statement to back up the claim. The article immediately switches topic to discuss the "one-time" wealth tax. If you believe this one-time nonsense, I have a bridge I want to sell you. [/quote]

Is your mouse broken? Did you not look at the multiple citations, linked right from the article?

https://www.journals.uchicago.edu/doi/10.17310/ntj.2011.2.02
https://www.aeaweb.org/articles?id=10.1257/aer.20150237
https://academic.oup.com/qje/article-abstract/129/1/333/1899540?redirectedFrom=fulltext

[/quote]

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