Wealth Tax and the Subsequent Nice Migration

As over a dozen states contemplate tax hikes on the rich, the controversy over what occurs when the ultra-wealthy decamp for extra tax-friendly components of the nation is reaching a crescendo. CNBC Wealth Reporter Robert Frank speaks with Tax Basis’s Jared Walczak in regards to the “millionaire tax flight” and Bess Freedman, CEO of Brown Harris Stevens in regards to the implications for actual property and the broader economic system.