Episode Details

When a virtual spaceship game predicts real-world tax policy better than economists, you know we're living in interesting times. Emma Reid breaks down how EVE Online's trillion-dollar virtual economy just explained exactly why New York is hemorrhaging millionaires to New Jersey. 🎯 What You'll Learn: • Why EVE's Jita trade hub processes 1 trillion ISK daily with just 1.5% taxes (and what that means for real cities) • How a simple 2% tax hike in EVE caused 40% of traders to flee within weeks • The brutal math behind New York losing 3.2% of its millionaires in 2024 while New Jersey celebrates new residents • Why alternative trade hubs popped up exactly 10 jumps away from high-tax systems in EVE (and how this mirrors real migration patterns) 👤 Perfect for: lifelong learners who want to understand economics through the lens of surprising real-world examples, plus anyone curious about why people and money actually move the way they do. 📍 Chapters: [00:00] Emma Reid explains why gamers accidentally solved tax policy [02:00] Inside EVE's trillion ISK economy and its 1.5% tax secret [04:30] The great EVE tax experiment that crashed trading volume by 40% [06:45] New York's $47 billion millionaire exodus by the numbers [08:30] How virtual trade hubs mirror real tax haven strategies [10:15] What this means for your state's tax future 🔔 Never miss an episode: Follow The Invisible Hand on Spotify and turn on notifications. New episodes drop daily, your next favorite insight is one tap away. 🔍 Topics: tax policy, virtual economies, EVE Online, New York taxes, economic migration

Get new episodes at The Invisible Hand

-------- Keywords: investing, market analysis, warren buffett

Learn more about your ad choices. Visit megaphone.fm/adchoices