The Great Migration: Wealth Tax and Its Effects on Ultra-Wealthy Individuals
Wednesday, 22 May 2024, 20:17
The Impact of Wealth Tax
As over a dozen states consider tax hikes on the wealthy, the debate over what happens when the ultra-wealthy decamp for more tax-friendly parts of the country is reaching a crescendo.
Discussion with Experts
- CNBC Wealth Reporter Robert Frank explores the phenomenon of 'millionaire tax flight'.
- Tax Foundation's Jared Walczak provides insights on the potential consequences.
- Bess Freedman, CEO of Brown Harris Stevens, shares perspectives on the implications for real estate and the broader economy.
These discussions shed light on the impact of wealth tax policies on migration patterns and economic dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.