High taxation rates can lead to economic migration, as individuals may choose to relocate to countries with lower tax burdens to preserve their wealth and maintain their standard of living.
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Why would anyone stay for 25%? 💸✈️ #charliekirk #debateAdded:
So let's say that all of a sudden you live in California, you make a million bucks, but you only keep 250. Why would anyone then want to keep on living in the United States if you only keep 25% of what you earn? Because in order that because you need that kind of funding in order to say keep the most advanced and powerful military in the world, which is able to project dominance anywhere, for example, in China and defend the freedom of our voices. You would see a brain drain. We saw it in Europe. People would leave this country to other Southeastern Asian countries, to remote islands. My belief is different. I understand that there's a wealth gap and there's a middle class deterioration. I'm not even discounting that. Be very careful though everybody thinking that you can soak the rich to solve all your problems.
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