The wealthy don’t protest. They exit.
|
|||||
|
We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people. Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house] Authors
Arts, Tech & CultureCivil LibertiesCommentary
Economics |
Samizdata quote of the day – ConsequencesSamizdata Illuminatus (Arkham, Massachusetts) · Economics, Business & Globalization · Self ownership · Slogans & Quotations May 16th, 2025 |
 7 comments to Samizdata quote of the day – ConsequencesLeave a Reply |
Who Are We?The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling. We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe. CategoriesArchivesFeed This PageLink Icons   |
|||
All content on this website (including text, photographs, audio files, and any other original works), unless otherwise noted, is licensed under a Creative Commons License. |
|||||
Perry will be with Alessandro on that one.
“Insulate, insulate, insulate!”
(Bonfire of the Vanities.)
Do the wealthy revoke their citizenship when they exit?
Back in the 2010s, I ran across a book with the title Does Atlas Shrug? that argued that high taxes did not actually induce people to move to different locations. Supposedly there was empirical evidence to support this. On the other hand, recent U-Haul statistics have shown far more people leaving California than moving it.
The ability to put pressure on governments with bad policies is one of the strengths of federal systems; every shift of policy discussions to the national level undermines it.
Why would they? If things change, they come back, which is why they’re called expats rather than immigrants. That what happened in the 1980s when many wealth creators who’d fled UK in the 1960s-70s returned. I moved to Portugal but I’m not financially mobile enough to move more than once, so I’m an immigrant here in Porto.
Only ones from USA, I know several of those who shredded their passports due to how the US taxes people worldwide. US HNWI never go back, others often do.
Addendum: Old Jack Tar said more or less the same thing as I was posting my comment 😀 Lots of UK HNWI will go back to UK if Farage wins big in 2029.
People voting with their feet is perhaps a purer form of democracy. People have been moving out of the city centres to the suburbs for decades – and now the outer suburbs or the countryside are preferred for those that can afford it. A select few move abroad and it is much easier nowadays for the wealthy to up sticks.
Build it and they will come; demolish it and they will leave.
QED