Part 4/12:
Hokll's stance echoes long-standing economic principles: capital and high-income earners are highly mobile. When states or cities threaten to raise taxes significantly, wealthy individuals and corporations typically relocate to more tax-friendly environments, leading to a shrinking tax base. The consequences are dire: fewer funds to sustain social programs, declining property values, and crumbling infrastructure—ultimately resembling crisis-stricken socialist states like Venezuela or Cuba.