The myth of millionaire tax flight :: how place still matters for the rich /
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 very real concern that these high rollers will board their private jets and fly away,...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Stanford, California :
Stanford University Press,
2017.
|
| Schriftenreihe: | Studies in social inequality
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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 very real 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, entitlements, and other social programs to attract a group of people who are much more mobile-the younger generation. |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781503603813 1503603814 |
Internformat
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| 520 | |a 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 very real 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, entitlements, and other social programs to attract a group of people who are much more mobile-the younger generation. | ||
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| contents | Millionaire taxes in a world with few borders -- Do the rich flee high taxes? -- Global billionaires and international tax havens -- Place as a form of capital -- Millionaires and the future of taxation. |
| ctrlnum | (OCoLC)984743408 |
| dewey-full | 336.20086/210973 |
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| spelling | Young, Cristobal, author. The myth of millionaire tax flight : how place still matters for the rich / Cristobal Young. 1709 Stanford, California : Stanford University Press, 2017. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier Studies in social inequality Includes bibliographical references and index. Millionaire taxes in a world with few borders -- Do the rich flee high taxes? -- Global billionaires and international tax havens -- Place as a form of capital -- Millionaires and the future of taxation. Print version record and CIP data provided by publisher; resource not viewed. 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 very real 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, entitlements, and other social programs to attract a group of people who are much more mobile-the younger generation. Rich people Taxation United States. Migration, Internal United States. http://id.loc.gov/authorities/subjects/sh2008107776 Place attachment United States. Rich people Taxation. Tax havens. http://id.loc.gov/authorities/subjects/sh85132823 Emigration and immigration. http://id.loc.gov/authorities/subjects/sh85042782 Place attachment. http://id.loc.gov/authorities/subjects/sh2007001724 Emigration and Immigration https://id.nlm.nih.gov/mesh/D004641 Riches Impôts États-Unis. Attachement à un lieu États-Unis. Riches Impôts. Paradis fiscaux. Émigration et immigration. Attachement à un lieu. BUSINESS & ECONOMICS Public Finance. bisacsh Emigration and immigration fast Migration, Internal fast Place attachment fast Rich people Taxation fast Tax havens fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Print version: Young, Cristobal. Myth of millionaire tax flight. Stanford, California : Stanford University Press, 2017 9781503601147 (DLC) 2017015547 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1583461 Volltext |
| spellingShingle | Young, Cristobal The myth of millionaire tax flight : how place still matters for the rich / Millionaire taxes in a world with few borders -- Do the rich flee high taxes? -- Global billionaires and international tax havens -- Place as a form of capital -- Millionaires and the future of taxation. Rich people Taxation United States. Migration, Internal United States. http://id.loc.gov/authorities/subjects/sh2008107776 Place attachment United States. Rich people Taxation. Tax havens. http://id.loc.gov/authorities/subjects/sh85132823 Emigration and immigration. http://id.loc.gov/authorities/subjects/sh85042782 Place attachment. http://id.loc.gov/authorities/subjects/sh2007001724 Emigration and Immigration https://id.nlm.nih.gov/mesh/D004641 Riches Impôts États-Unis. Attachement à un lieu États-Unis. Riches Impôts. Paradis fiscaux. Émigration et immigration. Attachement à un lieu. BUSINESS & ECONOMICS Public Finance. bisacsh Emigration and immigration fast Migration, Internal fast Place attachment fast Rich people Taxation fast Tax havens fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2008107776 http://id.loc.gov/authorities/subjects/sh85132823 http://id.loc.gov/authorities/subjects/sh85042782 http://id.loc.gov/authorities/subjects/sh2007001724 https://id.nlm.nih.gov/mesh/D004641 |
| title | The myth of millionaire tax flight : how place still matters for the rich / |
| title_auth | The myth of millionaire tax flight : how place still matters for the rich / |
| title_exact_search | The myth of millionaire tax flight : how place still matters for the rich / |
| title_full | The myth of millionaire tax flight : how place still matters for the rich / Cristobal Young. |
| title_fullStr | The myth of millionaire tax flight : how place still matters for the rich / Cristobal Young. |
| title_full_unstemmed | The myth of millionaire tax flight : how place still matters for the rich / Cristobal Young. |
| title_short | The myth of millionaire tax flight : |
| title_sort | myth of millionaire tax flight how place still matters for the rich |
| title_sub | how place still matters for the rich / |
| topic | Rich people Taxation United States. Migration, Internal United States. http://id.loc.gov/authorities/subjects/sh2008107776 Place attachment United States. Rich people Taxation. Tax havens. http://id.loc.gov/authorities/subjects/sh85132823 Emigration and immigration. http://id.loc.gov/authorities/subjects/sh85042782 Place attachment. http://id.loc.gov/authorities/subjects/sh2007001724 Emigration and Immigration https://id.nlm.nih.gov/mesh/D004641 Riches Impôts États-Unis. Attachement à un lieu États-Unis. Riches Impôts. Paradis fiscaux. Émigration et immigration. Attachement à un lieu. BUSINESS & ECONOMICS Public Finance. bisacsh Emigration and immigration fast Migration, Internal fast Place attachment fast Rich people Taxation fast Tax havens fast |
| topic_facet | Rich people Taxation United States. Migration, Internal United States. Place attachment United States. Rich people Taxation. Tax havens. Emigration and immigration. Place attachment. Emigration and Immigration Riches Impôts États-Unis. Attachement à un lieu États-Unis. Riches Impôts. Paradis fiscaux. Émigration et immigration. Attachement à un lieu. BUSINESS & ECONOMICS Public Finance. Emigration and immigration Migration, Internal Place attachment Rich people Taxation Tax havens United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1583461 |
| work_keys_str_mv | AT youngcristobal themythofmillionairetaxflighthowplacestillmattersfortherich AT youngcristobal mythofmillionairetaxflighthowplacestillmattersfortherich |