Millionaire tax flight would devastate a future Mamdani administration. If the rich leave, how could anything be financed? But research shows that wealthy individuals move at lower rates than others, even in response to higher personal income taxes.
Robin Kaiser-Schatzlein
Robin Kaiser-Schatzlein is a freelance journalist and author of the forthcoming book Tyranny at Work: Unfreedom and the American Workplace.
Posted inHousing
Buy and Displace
Across Los Angeles, corporate landlords and even RV owners work hard to raise rents.
Posted inBooks
The Giant Pandemic Pool of Money
A new book details the penny-ante crooks extracting federal cash during COVID, and the disastrous budget decisions that gave them the opportunity.
Posted inEconomic Policy
Letting Private Equity Billionaires Rob Worker Retirement Funds
A new Department of Labor rule allows private equity to get into 401(k) plans. One expert estimates a $13.7 billion annual wealth transfer from workers to Wall Street tycoons.