From Booming: Is “millionaire flight” real?

June 3
20 mins

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Episode Description

Taxes on the wealthy are increasingly popular across the political spectrum in the United States. Democrats in particular have pursued taxes on the country’s highest income earners, including a tax on millionaires passed in Washington State earlier this year. But do high earners simply move to avoid paying those taxes?

Booming host and KUOW economy reporter Monica Nickelsburg wanted to find out. So, she interviewed Cristobal Young: A professor of sociology at Cornell University who researches how wealthy people move, and how much of it is due to taxes. 

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