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China to see biggest millionaire exodus in 2024 as many head to U.S. (asia.nikkei.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 36 points 1 month ago (1 children)

Just what we need, more fucking rich people.

[–] [email protected] 12 points 1 month ago (2 children)

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

[–] [email protected] 12 points 1 month ago (1 children)

hundreds

[–] [email protected] 3 points 1 month ago

Dozens

[–] [email protected] 10 points 1 month 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)