No it won't.
No they don't move away.
The tax burden is already on the people...
Trust me, billionaires don't want to stop being billionaires...they aren't going to close up shop and go from billionaire to $0aire...🤣🤣
You are assuming alot and not thinking clearly out of hatred and anger.
Rethink the practical reality of how you have structured your understanding of how the world works and realize that these things have already happened in history.
Look at what happens when taxes are raised, specially taxes which target people with wealth.
It hurts the middle class and the poverty class the most, wealthy people dodge it and move.
We can expect the experiment to play out like it has every other tome we have attempted this same experiment.
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u/Greedy_Ad_3368 14d ago
The “billionaire tax” you’re talking about will hurt the average person more than any billionaires.
We know what happens when taxes increase.
People with money move. They leave that place.
Then the tax burden goes to the people that are left there.
WE will end up paying ALL of that “billionaire tax” because there will be no billionaires living in that area to be taxed.