not_IO@lemmy.blahaj.zone to Microblog Memes@lemmy.worldEnglish · 4 days ago5. just put a tax on leaving, duhlemmy.blahaj.zoneexternal-linkmessage-square70fedilinkarrow-up1986arrow-down111file-text
arrow-up1975arrow-down1external-link5. just put a tax on leaving, duhlemmy.blahaj.zonenot_IO@lemmy.blahaj.zone to Microblog Memes@lemmy.worldEnglish · 4 days agomessage-square70fedilinkfile-text
minus-squaremasinko@lemmy.worldlinkfedilinkEnglisharrow-up13·edit-23 days agoMassachusetts implemented a 4% millionaire tax in 2022 and a small capital gains tax. The results? extra $3b in tax revenue, extra $1.3b with the capital gains changed. passed a $2.5 billion infrastructure & education bill millionaires in Massachusetts actually grew because of the economic expansion collective wealth of the people in the state went up by 40% two years after it passed It’s proven that it works. We just need policies that benefit people and not just the rich. Some of the sources: https://www.axios.com/local/boston/2025/04/29/millionaires-massachusetts-income-surtax-increase https://www.nbcboston.com/news/politics/data-shows-mass-is-home-to-more-millionaires-despite-new-surtax-according-to-advocates/3698430/
minus-squareBeardededSquidward@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up4·3 days agoBut then how will Musk et al ever become trillionaires if they are taxed accordingly? /s
Massachusetts implemented a 4% millionaire tax in 2022 and a small capital gains tax. The results?
It’s proven that it works. We just need policies that benefit people and not just the rich.
Some of the sources:
https://www.axios.com/local/boston/2025/04/29/millionaires-massachusetts-income-surtax-increase
https://www.nbcboston.com/news/politics/data-shows-mass-is-home-to-more-millionaires-despite-new-surtax-according-to-advocates/3698430/
But then how will Musk et al ever become trillionaires if they are taxed accordingly? /s