The Truth About Taxing the Rich: Deficits, Migration, Fewer Jobs
Published: April 7, 2026
Duration: 6:33
"Tax the rich!" is popular.
But don't politicians realize, in America, people can MOVE?
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Washington state just passed a "millionaires' tax."
Starbucks billionaire Howard Schultz already announced his move to Florida.
You'd think politicians would learn, but no.
California politicians now want an extra 5% tax on billionaires' wealth.
“The benefit,” say activists, “is going to outweigh a couple people moving out of the state.”
But don't politicians realize, in America, people can MOVE?
_ _ _ _ _ _
To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe-form
_ _ _ _ _ _
Washington state just passed a "millionaires' tax."
Starbucks billionaire Howard Schultz already announced his move to Florida.
You'd think politicians would learn, but no.
California politicians now want an extra 5% tax on billionaires' wealth.
“The benefit,” say activists, “is going to outweigh a couple people moving out of the state.”