I expect a few wealthy people to leave Minnesoooota.
Because to ‘rats, the financial health of the state is more important than the financial health of its citizens.
·
“I expect a few wealthy people to leave Minnesoooota.”
Probably not. They’ll simply do the Clinton and Kennedy thing and create non-profit entities to take possession of the boats, houses and businesses they wish to pass on to relatives.
What will happen, though, is the new tax won’t produce what they thought it would. They will, therefore, lower the amount so that it affects average people who can’t benefit from forming artificial entities. (That is what ALWAYS happens with taxes.)