Feel like an outlier here, but creating a billionaire tax at the state level seems ridiculous, and would actually harm the state. It is so easy to move the money outside the jurisdiction of that state to another when you are that wealthy, so the only effective way to implement would be at the federal level. Can someone help me understand why a state level billionaire tax makes sense?
Didn’t New York already do it and it proved that billionaires will stay put and not move to a hick backwater just to save a few bucks they wouldnt even notice losing?
Feel like an outlier here, but creating a billionaire tax at the state level seems ridiculous, and would actually harm the state. It is so easy to move the money outside the jurisdiction of that state to another when you are that wealthy, so the only effective way to implement would be at the federal level. Can someone help me understand why a state level billionaire tax makes sense?
Didn’t New York already do it and it proved that billionaires will stay put and not move to a hick backwater just to save a few bucks they wouldnt even notice losing?
Somebody has to do it, and waiting for the death of the filibuster to have anything get done is a terrible idea
If it’s so easy to move, why are they fighting it?