Part 3/10:
A recurring theme in recent discussions is the rising wealth disparity and the looming exodus of billionaires from high-tax urban centers like New York and California. The conversation highlights that while the top 1% already contribute disproportionately to taxes—paying around 50%—the push for increased taxation threatens the wealthy with leaving their jurisdictions altogether. This potential "billionaire flight" could decimate local economies and strip cities of the tax revenue needed for essential services.