What is the empirical evidence on how tax rates on the rich affect society? I’m finding it really hard to find unbiased sources, they seem to either say there is no issue of capital flight and decreased productivity, or that any attempt to ta the rich is evil and/or will entirely collapse the economy. Neither of which seem plausible.
I don’t know the answer, but I believe several South American countries imposed capital movement restrictions at times in the late 20th century. Perhaps there is literature on the effects of those restrictions?
What is the empirical evidence on how tax rates on the rich affect society? I’m finding it really hard to find unbiased sources, they seem to either say there is no issue of capital flight and decreased productivity, or that any attempt to ta the rich is evil and/or will entirely collapse the economy. Neither of which seem plausible.
I don’t know the answer, but I believe several South American countries imposed capital movement restrictions at times in the late 20th century. Perhaps there is literature on the effects of those restrictions?