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To develop a reasonable position on any proposed tax increase on the wealthy, we need to dispel the “millionaire exodus” narrative. III working paper by @samfriedman.bsky.social, @andy-summers.bsky.social, Victoria Gronwald, and Emma Taylor cited in a new article for TIME ⬇️
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Christopher Marquis and Nick Romeo expose the fallacies behind the millionaire-exodus panic.
Tax the Rich. They’re Not Going Anywhere
LSE Inequalities