The Seattle mayor laughed about rich moving out because of wealth taxes and such. Blue cities and states are pushing out all their wealthy folks only to impoverish themselves. The tax base is decreased, and their coffers won't be so easily filled. Not really smart to laugh that off.
Collyfornia raised 100 billion dollars in wealth taxes only to see 1 trillion dollars of wealth escape to other states that don't punish success. Not only is it dumb and counter-productive, but it doesn't even raise money.
When the Seattle mayor laughed, the audience hooted and hollered. Wonder if they'll keep hooting and hollering when they go broke. Their government jobs will go bye-bye if the taxes cannot pay their salaries and benefits.
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