A recent report reveals a surprising trend of increasing millionaires and wealth accumulation in areas with higher state taxes on high-income earners. Contrary to concerns that elevated taxes would drive wealthy individuals away or stifle economic growth, the data suggests a flourishing millionaire population whose wealth continues to expand. This growth is attributed to a combination of factors, including smart financial planning and investments favored by a stable economic environment. The analysis highlights the resilience of wealthy individuals and debunks myths surrounding the negative impact of high taxes on economic prosperity. These findings offer important insights for policymakers and the public regarding tax strategies and economic development.
Steve Ahlquist | SubstackNew data shows surge in business registrations, hitting five-year high
September 8, 2026
New data reveals that business registrations in Kenya have hit a five-year high, according to the latest statistics from the country’s business registry. This surge