this post was submitted on 01 Jul 2024

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China to see biggest millionaire exodus in 2024 as many head to U.S. (asia.nikkei.com)

submitted 1 year ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] andrewth09@lemmy.world 12 points 1 year ago (2 children)

Just think of all the thousands of dollars of extra tax revenue.

[–] Raiderkev@lemmy.world 12 points 1 year ago (1 children)

hundreds

[–] ralakus@lemmy.world 3 points 1 year ago

Dozens

[–] carl_marks_1312@lemmy.ml 10 points 1 year ago

And think about how that tax revenue gets spent on weapons and not healthcare.

(Given those millionaires were able to circumvent China's strict capital controls. Even if some of them did I'm sure they'd find a way of circumventing taxes in their new host country also)