|
Books > Business & Economics > Finance & accounting > Finance > Property & real estate
|
Buy Now
The Myth of Millionaire Tax Flight - How Place Still Matters for the Rich (Hardcover)
Loot Price: R2,022
Discovery Miles 20 220
|
|
|
The Myth of Millionaire Tax Flight - How Place Still Matters for the Rich (Hardcover)
Series: Studies in Social Inequality
Expected to ship within 12 - 19 working days
|
In this age of globalization, many countries and U.S. states are
worried about the tax flight of the rich. As income inequality
grows and U.S. states consider raising taxes on their wealthiest
residents, there is a palpable concern that these high rollers will
board their private jets and fly away, taking their wealth with
them. Many assume that the importance of location to a person's
success is at an all-time low. Cristobal Young, however, makes the
surprising argument that location is very important to the world's
richest people. Frequently, he says, place has a great deal to do
with how they make their millions. In The Myth of Millionaire Tax
Flight, Young examines a trove of data on millionaires and
billionaires—confidential tax returns, Forbes lists, and census
records—and distills down surprising insights. While economic
elites have the resources and capacity to flee high-tax places,
their actual migration is surprisingly limited. For the rich,
ongoing economic potential is tied to the place where they become
successful—often where they are powerful insiders—and that
success ultimately diminishes both the incentive and desire to
migrate. This important book debunks a powerful idea that has
driven fiscal policy for years, and in doing so it clears the way
for a new era. Millionaire taxes, Young argues, could give states
the funds to pay for infrastructure, education, and other social
programs to attract a group of people who are much more
mobile—the younger generation.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
