It suddenly occurs to me that all those goofy emails that fly around with all those Urban Myths about kidnapped kids and sharks attacking helicopters and rocket-powered Chevy Impalas are actually pretty useful when it comes to getting certain people prepared to accept and internalize certain political indoctrination.
The notion of tax flight “is almost entirely bogus — it’s a myth,” said Jon Shure, director of state fiscal studies at the Center on Budget and Policy Priorities, a nonprofit research group in Washington. “The anecdotal coverage makes it seem like people are leaving in droves because of high taxes. They’re not. There are a lot of low-tax states, and you don’t see millionaires flocking there.”
Despite the allure of low taxes, Mr. Depardieu hasn’t been seen in Russia since picking up his passport and seems to be hedging his bets by maintaining a residence in Belgium. Meanwhile, Russian billionaires are snapping up trophy properties in high-tax London, New York and Beverly Hills, Calif.Read the whole thing at NYT.
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