Aside from driving out businesses, higher taxes results in lower tax revenue because it results in lower consumption rates (lower consumption tax) as well as just reduction in R&D which are drivers of profit (of which can later be taxed).
NEW YORK VS. FLORIDA: New York is estimated to have lost $10.7 billion in tax revenue as its share of America’s millionaires declined, while Florida gained $20.65 billion in income from people moving into the state. Now, critics fear Zohran Mamdani’s tax agenda could drive even more wealth out of New York. One state is bleeding money, the other is cashing in.
Photo via Reuters
@380kmh Socialist will spend 50+ years destroying a nation’s economy then try to shift the blame to the capitalist for not undoing all that damage overnight.
@shoe0nhead It means your seemingly mundane question spurred on autistic levels of thought as he reasoned through every option instead of impulsively answering whatever he thought sounded the coolest.
@TheNCSmaster Nintendo needs to revive this IP as a console game. Literally just use this game’s characters and settings and build on top of the rpg dungeon crawler gameplay.
Nintendo needs to revive this IP as a proper console game. Expand on the RPG dungeon crawler gameplay that it was. Hell, the story and characters were also fleshed out enough for a proper console game.
This game still feels like the biggest loss of Nintendo’s discontinued mobile games
I never played it, but at least with the other stuff like MK Tour or Dr Mario World, it’s ultimately variants on preexisting series. This is a completely original Nintendo IP that’s just gone
The reason this happens is that rich people have the means to relocate themselves and their businesses to more free market friendly locations. This results in the middle class now becoming the top earners that are forced to should the tax burden for their socialist policies.
@sircalebhammer Rich people have the money to pick up and move to another place, leaving only the middle class to shoulder the tax burdens of these retarded socialist policies.