Source: The Daily Economy
by Andrew Wilford
“As New York City Mayor-elect Zohran Mamdani prepares to take office, tax-happy progressive groups are eager to let you know that the idea that rich people move because of taxes is all a big myth. There are no consequences to raising taxes on rich people, they argue, because rich people will be rich no matter what. It’s a pretty picture, and a convenient one for those who have never met anything economically productive that they didn’t want to tax. The only problem is that the data proves it just isn’t true.” (12/30/25)
https://thedailyeconomy.org/article/rich-people-wont-just-sit-still-while-you-tax-them/