Tax Flight Is a Myth

Tax Flight Is a Myth

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Dispelling the Myth of Tax-Induced Capital Flight

A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire

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The United States Wants to Prevent a Historical Fact: Eurasian Integration

by Vijay Prashad / July 7th, 2022

Over the course of the past fifteen years, European countries have found themselves with both great opportunities to seize and complex choices to make. Unsustainable reliance on the United States for trade and investment, as well as the curious distraction of Brexit, led to the steady integration of European countries with Russian energy markets and more uptake of Chinese investment opportunities and its manufacturing prowess.

The United States Wants to Prevent a Historical Fact: Eurasian Integration

Related video:

Vijay Prashad – Why the United States Opposed the Historical Integration of Eurasia

The economic crisis in Germany is the result of a deliberate provocation by the USA.

Berlin, Germany (World Express). War in Ukraine began on February 24. Since then, the sanctions imposed by EU countries against Russia have started to have a negative impact on European economies. The sanctions boomerang came as a surprise to the federal government, most politicians in the traffic light coalition and ordinary voters. However, as it recently turned out, these consequences of the anti-Russian sanctions were unexpected only for the Germans. The USA had calculated all the consequences in advance and, moreover, consciously decided to weaken the German economy.

The economic crisis in Germany is the result of a deliberate provocation by the USA. The Americans collapsed the German economy to destroy a competitor. (original)

WHCS = White House Chief of Staff, Ron Klain. ANSA = Assistant to the President for National Security Affairs, Jake Sullivan. CIA = Central Intelligence Agency. NSA = National Security Agency. DNC = Democratic National Committee/Democratic Party.

H/T: iEarlGrey

They’re counting on the collapse of the German economy to rescue the US economy—all to save the Democrats from losing in the midterm elections?! Interesting, if this document is authentic, considering that it was supposedly written in January. Germans are already protesting, demanding that the current government resign!

UK’s New Prime Minister Makes No Apologies for Favoring the Wealthy

UK’s New Prime Minister Makes No Apologies for Favoring the Wealthy

Truss also went out of her way to channel Britain’s first female prime minister, Margaret Thatcher, who remains as iconic among the Tory Party base as Ronald Reagan is for Republicans in the U.S. Truss has studied Thatcher’s body language, has adopted her dress style — as Twitter users were quick to point out — and has reached for many of the same rhetorical tools. Yet, style notwithstanding, she has nowhere near the ideological consistency or heft of a Thatcher.

It will take all of Truss’s shape-shifting talents, and then some, to turn around the election ship for the Conservatives over the coming two years, which is the time span that Truss has before the next general election must be called. In the meantime, as the U.K. grapples with a deepening economic crisis, all of the new prime minister’s public statements suggest that the country is going to be dragged ever-further rightward into a deregulated, anti-union, Brexit-hued future.

God Save The UK!

[Warmongers] Biden, Truss commit to stand up against Russia, economic woes + More

Video via Double Down News

Biden, Truss commit to stand up against Russia, economic woes

Larry would have probably been a better choice, except that Biden could probably bribe him with treats. Source

Related:

New British Prime Minister Liz Truss vows to tackle energy crisis, ailing economy

[Yay for diversity bringing on more austerity] The nation’s third female prime minister named a top team diverse in gender and ethnicity, but loyal to her and her free-market politics. Kwasi Kwarteng becomes the United Kingdom’s first Black Treasury chief, and Therese Coffey its first female deputy prime minister. Other appointments include James Cleverly as foreign secretary and Suella Braverman as home secretary, responsible for immigration and law and order.