Lindsay Owens, president and CEO of Groundwork Collaborative, said the new data makes clear that “tax flight is nothing more than a myth, and should be given as much credence as flat-earthers.”
“If there was any merit to the myth that tax increases on New York’s wealthy drive them away, the new IRS data should show it,” said Owens. “It doesn’t—New York’s millionaire population kept climbing years after the state raised taxes on top earners.”
That isn’t the natural order of the universe, some immutable law, like Gravity.
We can change that, and make those sorts of financial schemes illegal. We can force them to live off their money, and tax it as they access it. We can change the rules anytime we want.