This is exactly what Young’s research shows; generally, when the wealthy move, they move to places with good quality of life. Tax brackets don’t really factor into it. Often raising taxes on the wealthy actually increases the attractiveness of a region because the wealthy want to live in places with low crime rates, good infrastructure, that sort of thing. And a well funded government has more capacity to create those things.
This is exactly what Young’s research shows; generally, when the wealthy move, they move to places with good quality of life. Tax brackets don’t really factor into it. Often raising taxes on the wealthy actually increases the attractiveness of a region because the wealthy want to live in places with low crime rates, good infrastructure, that sort of thing. And a well funded government has more capacity to create those things.