David Weiskopf: Oh weird you mean it was a net revenue generator all the millionaires didn't flee the state like they said they would wow that's crazy

Oh weird you mean it was a net revenue generator all the millionaires didn't flee the state like they said they would wow that's crazy

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.

This could have been California but instead we have to cut food stamps this year

THIS COULD BE US BUT NEWSOM IS PLAYING

This could be us in Massachusetts where this is already us but Healey will just find a way to give it all back in a tax refund

Gotta cut the estate tax to keep all the dead millions from leaving!

Oh don't worry Healey cut rich people's taxes in other ways so we're still fighting about what programs to cut and school districts across MA are facing major deficits.

That's a relief, at least

She even cut 13mil from TANF (transitional assistance for needy families) unilaterally in January, as part of 375 million in mid year budget cuts. www.nepm.org/regional-new...

Mass. nonprofits, advocates for low-income residents are calling foul after Healey makes deep cutswww.nepm.org There have been many reactions to Massachusetts Gov. Maura Healey's mid-year spending cuts of $375 million dollars ahead of Healey's "State of the Commonwealth" address this week.

SPEAKING OF APPROPRIATELY ASSIGNING COSTS:

CALIFORNIA CLIMATE SUPERFUND ACT SB1497 is on the CA Senate floor! Make oil companies pay for the harm they have caused. Call TODAY!

"I could leave but I'll just stay / all my stuff's here anyway."

cranky ass bootlickers like THEY'LL LEAVE SOON JUST YOU WATCH and like idk man if anyone has the power to simply pick up and relocate it's someone making over a million dollars a year

Cristobal Young remains vindicated. Nice golf courses>higher taxes: www.sup.org/books/title/....

The Myth of Millionaire Tax Flight: How Place Still Matters for the Rich - Cristobal Youngwww.sup.org In this age of globalization, many countries and U.S. states are worried about the tax flight of the rich. As income inequality grows and U.S. states consider raising taxes on their wealthiest residen...

Rich people are like a sponge. They just suck up everything and hold on to it. Sure some wealth will trickle down, but everybody knows that you have to squeeze them.

Yup. The more hoarded wealth they have we force back into circulation, the better off we'll all be.

A US state recently voted to raise the taxes for those who earn more than 1 million $ by 4% and immediately increased their cashflow by over 1 bill. If I remember correctly, but it was a lot.

One thing that really irritates the hell out of me is when nobody responds to that scenario in the following manner: "Oh really? Rich people will flee the state if you raise taxes? Tell me... where the fuck would they go?"

Oh you're gonna leave? Where ya gonna go, Arkansas? Sure.

This is a distinction vs California. Anyone who is rich in Mass has at least thought about leaving already.

Unfortunately, the answer tends to be New Hampshire. But commuting doesn't work for everyone.

Didn't flee 'yet' and that's fine. Other states will learn from MA how much they can squeeze and soon there'll be nowhere for them to go. That's the dream anyways...

What's wild is that they think the threat of leaving is something to be scared of. The super rich are always a net drain on any economy they're part of; even if this tax didn't raise revenue and millionaires left the state, it would be a win.

GOD

Next they'll tell us that raising the state minimum wage won't make all the businessmen go Galt like they threatened,

I wish they would. I'm pretty sure they'd learn pretty quickly that it's the capital their businesses need, not them.

They all wanted to but they just couldn’t bear to give up those 2% mortgages, right?

Almost as if the rich have soo much money they don’t actually miss a bit of it

Billionaires are mobile but millionaires' source of wealth is often local (as I understand it). They're the "local gentry".

To be fair the Red Sox lost some bidding wars as while their package was higher, the take home post tax was lower than other teams. Does that public education still seem like a good idea knowing the Sox don't have a True Ace Pitcher? Huh does it now?

I live in the same county as Bill Gates. No income tax in WA, but he presumably pays local property tax.

Gavin Newsome, are you listening?

Weirdly, when increasing chunks of the country are openly dystopian (dystopic?) people are willing to pay for the privilege of not living in them.

Atlas shrugged it off

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