The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich

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By Cristobal Young *10

Published Nov. 16, 2017

Countries and U.S. states are worried about tax flight of the rich, as income inequality grows.The Myth of Millionaire Tax Flight (Stanford University Press), however, argues that location is extremely important to world’s richest people, and that place has a great deal to do with how they make their money.

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The cover of PAW’s February 2025 issue, featuring a photo of Frank Stella leaning back with his hands behind his head.