The rallying Marxist call to “soak the rich” has become fashionable again as state regulation is praised, and the finance industry is condemned for its supposed greed that drove the world into the steepest global recession since the Great Depression.

Many American cities and states have decided - and some are debating - to enact a so-called “Millionaire’s Tax”. The tax will be on top of federal and state taxes; the federal government already taxes the rich at a higher percentage and as do most states. New York state will soon institute its “Millionaire’s Tax” applying to house-holds that make at least $500,000 a year. Such tax will push the marginal rate to over 50%. The prospect of the government taking away more than half of one’s earnings will likely encourage a “wealthy flight” from the state. Construction magnet Donald Trump has already stated he will leave the state in such an event. California is following suit. But if one is trying to escape high taxes, where should one go? The Economist has published a chart of the top income tax brackets around the world:

For the United States, the top income bracket is in most cases at least moderately higher when one considers state and local taxes. Six American states do not have state taxes: Texas, Florida, and New Hampshire among them.

Conversely, the United States is in fact better for the rich than all those nations underneath in the chart expect Russia and Switzerland. Because while, say, Brazil has a lower tax percentage for the rich, Brazil starts counting when someone becomes “rich” at a much lower income take than the United States; $14,900 to $357,700 respectively.

Outside of the “tax them to the heavens” crowd in New York and California, the United States is still not a bad place to be rich. In fact, when one considers all the benefits that come with living in America, the United State is one of the best place. I saw one of, because Europe has a higher tax rate across the board than the United States, I personally prefer the quality and pace of life in, say, Italy to the United States’ often stressful way.