Is 'millionaire migration' really a thing? Lessons from states that already tax the rich

Washington state just passed a tax on incomes above one million dollars a year. The so-called “millionaires tax” has critics warning we’re about to see an exodus of Washington’s wealthiest residents.

So we wanted to know whether “millionaire migration” is really a thing.

Today, what states that already have millionaire taxes can tell us about what to expect here in Washington.

GUEST:
Cristobal Young, Associate Professor in the Department of Sociology at Cornell University

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