A patron of Economic Update asks: "Here's a question coming from Switzerland: Very often, when you raise the question about raising rich people's taxes, people will tell you that you can't do that, otherwise these rich people will just go live in another country, where they will pay less taxes. So by raising taxes on the rich you would actually lose money, from a local perspective. What data do we have about that phenomenon and what can we propose to prevent that?"
This is Professor Richard Wolff's video response.
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