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ryan cooper @ryanlcooper.com · 2 mo
there's a fuckin *ocean* of money sloshing around at the top of society. one reason why we see so much investment into AI or crypto magic beans, it has nowhere sane to go (because the masses haven't had the spending power to justify investment in regular business until very recently)
Avatar Joshua J. Friedman @joshuajfriedman.com · 2 mo
The Massachusetts "millionaires tax" has vastly surpassed projections, bringing in more than $1.8 billion in revenue so far this fiscal year — with the prospect of a surplus of hundreds of millions of dollars to spend on transportation and education
State’s ‘millionaires tax’ has already generated $1.8 billion this year, blowing past state projections - The Boston Globewww.bostonglobe.com The estimated haul is already $800 million more than what Governor Maura Healey and state lawmakers planned to spend from its revenue in fiscal year 2024.
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Edgardo Block @edgardoblock.bsky.social · 2 mo
credit to wikipedia
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@pouncingbullfrog.bsky.social · 2 mo
They called it the laffer curve becaus the were LMAO the while time while.they scammed us with it
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Edgardo Block @edgardoblock.bsky.social · 2 mo
totally. I mean the MA experience is proof.