Zohran Mamdani’s proposal for an additional 2% tax on incomes over $1 million has provoked gloomy prophecies of elite exodus. Yet a similar policy Massachusetts passed three years ago has not caused the rich to flee and has generated significant revenue.
Every time, they threaten to leave, and usually it’s bullshit.
Occasionally you get a fuckwit like Rogan who moves to Texas because it’s somehow not a complete hellhole (especially if you have hundreds of millions of dollars) and makes it worse for the people who already live there.