Some rich will leave for states with lower taxes. But are taxes their only costs. I wonder how many have even checked. I know some, at least well-off, who have moved to other states, claiming they don't like Minnesota's "high taxes". I wonder how much different their cost of living is. Maybe it is less because they moved to a "low wage" state, and being on pensions, they need not be concerned about their own pay checks.
Interestingly, companies that moved to a low-tax state like North Dakota can't find enough qualified workers. They are trying to entice people to move there.
Polaris has recently bought two out-of-state companies and is moving its operations to the high-tax state of Minnesota. It is moving an electric vehicle company from North Dakota and Indian Motorcycles from North Carolina. Isn't North Carolina a "low-tax" state and more non-union than union?
Maybe there are more companies that look at the big picture and not just taxes than there are who look only at taxes. It's easier to find cases of the latter because they make so much noise about it.
