The Myth of Millionaire Tax Flight
(eBook)

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Published
Stanford University Press, 2017.
Status
Available Online

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Format
eBook
Language
English
ISBN
9781503603813

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Citations

APA Citation (style guide)

Cristobal Young., & Cristobal Young|AUTHOR. (2017). The Myth of Millionaire Tax Flight . Stanford University Press.

Chicago / Turabian - Author Date Citation (style guide)

Cristobal Young and Cristobal Young|AUTHOR. 2017. The Myth of Millionaire Tax Flight. Stanford University Press.

Chicago / Turabian - Humanities Citation (style guide)

Cristobal Young and Cristobal Young|AUTHOR. The Myth of Millionaire Tax Flight Stanford University Press, 2017.

MLA Citation (style guide)

Cristobal Young, and Cristobal Young|AUTHOR. The Myth of Millionaire Tax Flight Stanford University Press, 2017.

Note! Citation formats are based on standards as of August 2021. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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Grouping Information

Grouped Work IDa32ca243-20d6-d564-a9b8-2b14322e888a
Full titlemyth of millionaire tax flight how place still matters for the rich
Authoryoung cristobal
Grouping Categorybook
Last Update2021-09-16 20:56:14PM
Last Indexed2021-09-17 06:29:25AM

Hoopla Extract Information

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    [title] => The Myth of Millionaire Tax Flight
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    [synopsis] => In this age of globalization, many countries and U.S. states are worried about the tax flight of the rich. As income inequality grows and U.S. states consider raising taxes on their wealthiest residents, there is a very real concern that these high rollers will board their private jets and fly away, taking their wealth with them. Many assume that the importance of location to a person's success is at an all-time low. Cristobal Young, however, makes the surprising argument that location is very important to the world's richest people. Frequently, he says, place has a great deal to do with how they make their millions. In The Myth of Millionaire Tax Flight, Young examines a trove of data on millionaires and billionaires-confidential tax returns, Forbes lists, and census records-and distills down surprising insights. While economic elites have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. For the rich, ongoing economic potential is tied to the place where they become successful-often where they are powerful insiders-and that success ultimately diminishes both the incentive and desire to migrate. This important book debunks a powerful idea that has driven fiscal policy for years, and in doing so it clears the way for a new era. Millionaire taxes, Young argues, could give states the funds to pay for infrastructure, entitlements, and other social programs to attract a group of people who are much more mobile-the younger generation.
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    [series] => Studies in Social Inequality
    [subtitle] => How Place Still Matters for the Rich
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