The Myth of Millionaire Tax Flight
How Place Still Matters for the Rich
Bibliographic Data
| ID | 2244538 |
|---|---|
| Authors | Daniel R Alvord (University of Kansas), Daniel Alvord (0000-0002-6728-2300, University of Kansas, corresponding author) |
| Year | 2019 |
| Volume | 98 |
| Issue | 2 |
| Pages | 1-2 |
| Publication date | 2019-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Forces (JOURNAL) |
| Journal identifiers | ISSN: 0037-7732 • E-ISSN: 1534-7605 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/sf/soz044 |
| OpenAlex | W2946151867 |
| Language | EN |
| Citations received | 2 |
In his 1926 story, The Rich Boy, F. Scott Fitzgerald memorably observed, “Let me tell you about the very rich. They are different from you and me.” And according to The Myth of Millionaire Migration by Cristobal Young, the rich are different, though in somewhat unexpected ways. Young sets out to understand whether place matters for the very wealthy. Are today’s rich “mobile millionaires” or “embedded elites?” After all, in an age of globalization, the very wealthy could seemingly live wherever they want. This view of an untethered economic elite has long motivated a common-sense political rhetoric among conservatives and liberals alike that the rich will move to avoid taxes. This rhetoric is often found among conservatives who argue taxes on the rich should be kept as low as possible to prevent capital flight and attract new businesses. However, drawing on a variety of data sources, including access to restricted IRS tax data for all million-dollar income earners in every state over a thirteen-year period, Young emphatically shows this claim to be false.
Aesthetics · Ancient history · Art · Capital (architecture) · Economic history · Economics · Elite · Globalization · Liberian dollar · Mythology · Period (music) · Political economy · Political science · Politics · Rhetoric · Sociology · State (computer science) · Variety (cybernetics) · Classics · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · History · Law · Philosophy · Taxation and Compliance Studies
| Citations per year | 0.5 |
|---|---|
| Citation span | 2022 - 2025 (4) |
| Highly cited | No |