Taxation Drives Mobility, Kamala explores taxing unrealized gains over $100m?

In today's geopolitical landscape, individuals and companies exhibit mobility unprecedented compared to the 1940s and 50s. The flexibility of citizenship and the ability to start businesses in different regions have changed significantly, indicating a potential shift in behavior in response to taxation policies. When taxation becomes excessive, as seen in historical contexts between states like California and Texas, it prompts people and companies to relocate. This behavior is echoed in global scenarios, where nations such as the UAE and Portugal offer incentives like golden visas to attract those fleeing high tax rates. The historical precedent shows that extreme taxation can lead to loss of citizens for countries that impose overly burdensome fiscal policies. As the U.S. population contemplates such drastic measures, it is likely that similar reactions will occur, highlighting the current society's greater mobility and willingness to move than in previous decades.