Wealth Redistribution and Tax Justice in Austria

An heiress in Austria denounces the absence of taxes on wealth and inheritance by giving 25 million euros to 77 organizations, including social and climate groups and left-wing organizations. She criticizes the birth lottery that allowed her inherited wealth and calls for a fairer distribution of wealth and tax justice.

Impact of State Income Taxes on American Migration

Researchers from UC Riverside found that Americans have been moving to states with lower income taxes to keep more of their wealth since the introduction of state income taxes. Raising income taxes often leads to out-migration of wealthier individuals, impacting state revenue.