A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire

Feet on the Ground in St. Petersburg: The Public Mood

December 4, 2022December 4, 2022 Tina Marie (Ms. Cat)

by Gilbert Doctorow

One of the first questions put to me by a reader via the Comments function with respect to Monday’s report of my initial impressions after arriving in St Petersburg was: and what is the general mood of people? I begged off answering, saying that I would have to speak to a lot more people before I could confidently answer that question.
Feet on the Ground in St. Petersburg: The Public Mood

Sanctions don’t seem to be effecting the wealthy or the middle class, in Russia, much.

Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse

August 30, 2022August 30, 2022 Tina Marie (Ms. Cat)

For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse