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when people have a better safety net, they are happier and the quality of life for EVERYONE increases...rich people LIKE that, just like everyone else. The Nordic countries have shown that...happiest countries on Earth, consistently.

@anujbost.bsky.social

They rather make more money keeping us scared shitless and under painful pressure than happy and living. Something about easy control.

Wait, you're saying public good is... good... for the public?

Home of ACA.

I'd like to see the graph for capital gains tax rates. From FDR to Reagan, the financial sector was about the size it should be to do its job of investment. After Reagan, it became a speculative nightmare, growing twice as fast as the GDP. We need to tax this sector sharply.

yup. if there is a hell, he's roasting in it right now.

We actually passed a wealth tax ballot initiative a fee years ago and the collective government response was "lol no" 😒

I think it says a lot that the top 0.1% is holding so much money that spilling that into public services bolsters the ability of actual businesses to thrive and reach the "millionaire" mark.

Would love to read the article but it is paywalled by the rich

You forgot football team!! #ProudMasshole

Yeah. That certainly is an issue.

New York and California have had the highest tax rates for decades. Nobody moving to New Hampshire or South Dakota for the tax rate.

I’ll gladly pay the millionaire tax once I become eligible 😆

This post is misleading. The tax is a surtax on income not a wealth tax.

This has been something of a running thing with MA. Their insurance system was something of a blueprint for the ACA.

*Jealous Pennsylvania noises*

The rich are lazy actually, who knew

Wow. Shocking. Amazing

business is controlled by investors. increasing generic w outsourced customer service, increasingly on line w no box stores, fewer employees as adjunct or pt positions w no benefits. internet based business like streaming, google, fb, tik tock are run by ad income. corp health systems

Maybe they realize they are also better off if their state can invest in all its people and services.

Again, Massachusetts leads by example. All the fear mongering around this was just that.

two things determine how many millionaires there are: how much money has been minted and how much it is concentrated. i don't think money should be used as a signal to indicate things are going well or to indicate things are going poorly... for that we need to look at the actual things we care for

You're right. The millionaire tax went to education and transportation, if I remember correctly. Things that boost property values and make MA an even more attractive place for everyone.

The problem is that Millionaires can't put two and two together as of why there is a pool of such high quality employees.

It’s lovely precisely because of the high taxes: schools and environmental protections are not free.

Imagine that. When money gets put back into the public we can spend it on the things that keep them rich! And we get to survive! It's a win-win!

Oh dang-- I hear Maryland has a $1.4 billion deficit. @govwesmoore.bsky.social

@wilsonforseattle.bsky.social 😎

It’s always cops threatening to quit when POC get elected mayors and the ultra wealthy threatening to flee if taxes are levied, but then….those things don’t happen.

The rest of the states need to adopt this millionaire tax! Tax the rich and give us middle class people a break!

@markcarey93.bsky.social @zoeroyer.bsky.social why not in Canada?

@labourstart.bsky.social @labourlewis.bsky.social @greenparty.org.uk @zackpolanski.bsky.social @carladenyer.bsky.social

Encore un "torchon gauchiste" (bloomberg, hein) qui indique que taxer les riches : - Rapporte plus que prévu (TROIS milliards de PLUS, hein) - Ne les fait pas partir - Ne les empêche pas de devenir encore plus riches. Y a peut-être des idées à prendre

All the ‘financial experts’ who say such taxes don’t work? Are just trying to protect their own fortunes.

The point is not to find ways to make millionaires happy but it's worth pointing out rich people much like petulant toddlers have a better grasp on what they want than what they need. Don't let policy be dictated by those who always scream "ice cream!" long past developping a tummy ache

It's almost like we already knew this thanks to...the entire history of the income tax until Ronald Reagan.

And how much of that was offset by the corresponding capital gains tax cut? Honest question.

This was an income tax surcharge, not a wealth tax right? Do we have examples of a wealth tax to look at?

Then can we eat them?

And the fucking churches!!!!

en.wikipedia.org/wiki/Automat... The APT Tax does a very small amount on every transaction. "Instead of taxes solely based on income, the APT Tax would broaden the tax base to include Stocks, Bonds, & Options Transfers, Money Saving Transactions, Goods & Services, & Foreign Exchange transactions"

This worked in the 40's, 50's and 60's too. Massive upper tax brackets (up to 91%) - This gave rise to the modern middle class that created the economic super-power that is (well used to be) the US. Oligarchies are not world powers. They are corrupt 3rd rate governments (see Russia).

Of course. Because the rich also benefit from public services like roads, hospitals, and schools that their taxes go toward.

Let’s take that nationwide.

Tax the rich. But hold the govt accountable of how if spends the money.

"I'm so rich I can afford to live in Boston!" Seriously, not blinking at a wealth tax could be the new status symbol, RUN WITH THIS NATIONWIDE.

Funny, that. If you fund your services properly the area becomes a much nicer place to live. 3:O)>

Agreed! As a union member at UMass Amherst, we fought hard for this. And our reward has been 500+ days without a new contract, substandard pay, and threats of take-backs from the university admin. But hey, at least they put a food bank on campus for us!

Doing good always works out better for everyone!! Hate helps no one

It’s as if when Billionaires pay taxes on money they got from America we have money to run America

@zackpolanski.bsky.social is right. @greenparty.org.uk @taxjustice.net

We need this for the whole country, please.

📌📌

@lissaharris.bsky.social @irishrainforest.bsky.social @davidrvetter.bsky.social

Everybody understood that what he meant was, it felt like a crime to him that he couldn't buy an election here.

Good to know

Or maybe they *respect* the state for doing the right thing? (Let's not get carried away, but it could happen...)