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The Resource The myth of millionaire tax flight : how place still matters for the rich

The myth of millionaire tax flight : how place still matters for the rich

Label
The myth of millionaire tax flight : how place still matters for the rich
Title
The myth of millionaire tax flight : how place still matters for the rich
Creator
Subject
Language
eng
Summary
In this age of globalization, many countries and US states are worried about the tax flight of the rich. As income inequality grows and US states consider raising taxes on their wealthiest residents, there is a concern that these high-rollers will board their private jets and fly away, taking their wealth with them. Many assume that the importance of location to a person's success is at an all-time low. The author argues that location is very important to the world's richest people. This book examines a trove of data on millionaires and billionaires - confidential tax returns, Forbes lists, and census records -and distils down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful - often where they are powerful insiders - and that success ultimately diminishes both the incentive and desire to migrate. This book debunks a powerful idea that has driven fiscal policy for years, and in doing so it clears the way for a new era. The author argues that millionaire taxes could give states the funds to pay for infrastructure, education, and other social programs to attract a group of people who are much more mobile - the younger generation
http://library.link/vocab/creatorName
Young, C. (Cristobal)
Geographic coverage
  • North America
  • International
Index
no index present
Language note
English
Literary form
non fiction
Series statement
Studies in social inequality
http://library.link/vocab/subjectName
  • high net worth individual
  • wealth tax
  • tax haven
  • tax policy
  • migration
  • fiscal sociology
Label
The myth of millionaire tax flight : how place still matters for the rich
Instantiates
Publication
Extent
xi, 144 p.
Isbn
9781503603806
Label
The myth of millionaire tax flight : how place still matters for the rich
Publication
Extent
xi, 144 p.
Isbn
9781503603806

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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