In the compelling and meticulously researched "The Myth of Millionaire Tax Flight," Cristobal Young challenges a prevailing belief that has significantly influenced fiscal policies around the globe—the notion that the ultra-wealthy will inevitably flee to lower-tax havens when faced with increased tax burdens. Through an exhaustive analysis of confidential tax returns, Forbes listings, and census data, Young unveils that, contrary to popular belief, the migration of millionaires and billionaires is remarkably low. He argues convincingly that for the economic elite, the value of location far outweighs the deterrence of higher taxes. Their fortunes are often deeply entwined with the places where they became successful, making them less likely to abandon these for the sake of tax savings. Young’s work is a groundbreaking exploration of how economic potential is not just a matter of individual capability but is also significantly influenced by the geographical and social context. This book is a vital contribution to the discourse on taxation, inequality, and migration, debunking myths that have long dictated the approach to taxing the wealthy. Young makes a compelling case for millionaire taxes as a viable and necessary strategy for states seeking to fund social programs and infrastructure, without the fear of driving away their wealthiest residents. By illustrating how the ties that bind the rich to their places of success are stronger than previously thought, "The Myth of Millionaire Tax Flight" paves the way for a new understanding of mobility, taxation, and economic policy. It is a must-read for policymakers, economists, and anyone interested in the intricate dynamics of wealth, place, and public policy.