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Also we did a much less aggressive version right here in MA with a terrible consequence: better infrastructure and every kid in school gets food. Things can get better if we want. Healthcare and food and shelter for everyone, actually. It’s possible and practical. fortune.com/2025/10/21/z...

fortune.comMillionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts | FortuneIn two years levying a 4% surtax on incomes over $1 million, it's funded bridge repairs, bolstered literacy programs and tackled a transportation deficit.
Jake Grumbach@jakemgrumbach.bsky.social

New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854

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