The millionaire tax apparently does not cause many wealthy people to leave, but that says little about the scale of capital flight
by atrocious_cleva82
The millionaire tax apparently does not cause many wealthy people to leave, but that says little about the scale of capital flight
by atrocious_cleva82
4 comments
>According to Peter Mertens and Raoul Hedebouw of the PVDA, the introduction of a millionaire tax will not lead to the wealthy fleeing abroad.
>Where such a tax has been introduced, this has not happened, they say, and they refer, among other things, to France, where such a tax has existed for years and where, despite the tax, only a tiny percentage of taxpayers have left.
>**Based on research, we judge the statement that a millionaire tax will not lead to wealthy people to flee abroad as rather true, because a number of studies indeed indicate that the percentage of wealthy people who move away remains limited.** But, more relevant than looking at the number of rich people leaving, is to look at the amount of money leaving. But there is hardly any research on this and we cannot formulate any conclusions, say specialists. The PVDA’s millionaire tax proposal therefore entails more uncertainty about its consequences than the PVDA states in the YouTube video.
Evidence and former experiences show that millionaire tax leads to insignificant capital flight, lets see if the right wing would continue with the opposite false propaganda…
edit: got my popcorn…
That would indeed also be my assumption. Limited people flight, more capital flight.
I’ve always wondered, is there any reason to give a shift about capital flight? It’s not like these people were contributing anything tax-wise either way, why should we care about them moving their money out?
the biggest factor that makes wealthy people leave belgium is… becomming wealthy in the first place.
Lets be honest, if you had the money you would move to more attractive places.