Tax Flight Is a Myth

Tax Flight Is a Myth

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Dispelling the Myth of Tax-Induced Capital Flight

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

Giorgia Meloni says Italy committed to EU, NATO and Ukraine

Italian Prime Minister Giorgia Meloni confirmed her government’s support for the European Union, NATO and Ukraine on Tuesday, October 25, in her first address to parliament, one month after her far-right party won a historic election victory.

Giorgia Meloni says Italy committed to EU, NATO and Ukraine

Related:

Meloni wins final confidence vote, pledges support for Ukraine

Ahead of the vote, Meloni had defended her policy aims, stating that the only way to facilitate a peace deal between Russia and Ukraine is by helping Kyiv defend itself militarily.

“Peace can be achieved by supporting Ukraine … it is the only chance we have for the two sides to negotiate,” she said.

Way to stick it to the establishment! /s

New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record

The United Kingdom’s Conservative Party has voted for Liz Truss to become its new leader, replacing Boris Johnson and making her Britain’s next prime minister. Truss served as foreign secretary under Johnson and has a record of “extreme neoliberal policies,” says British journalist George Monbiot. These include supporting tax cuts for the wealthy, deregulating the fossil fuel industry and refusing to regulate agricultural pollution. Monbiot also warns Truss will undermine the country’s model public health system and labor rights for organizing workers.

New U.K. PM Liz Truss Has “Extreme Neoliberal” Anti-Labor, Anti-Environment Record