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 4 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] andrewth09@lemmy.world 12 points 4 months ago (2 children)

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

[–] Raiderkev@lemmy.world 12 points 4 months ago (1 children)

hundreds

[–] ralakus@lemmy.world 3 points 4 months ago

Dozens

[–] carl_marks_1312@lemmy.ml 10 points 4 months 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)