Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch
Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch
Students in Massachusetts will get free lunch and breakfast at school thanks to a new 4% tax put on people who earn more than $1 million.
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And no millioneir will keep his money in a state where those are the tax rates. If you make it too high you literally get nothing.
Awww. Too bad for them. What will we do without millionaires hoarding their wealth?!
No, he's saying they will keep it. Just in a way that mass gets literally nothing
So either they will get a lot of money or things won't be any different except millionaires won't be there hoarding wealth?
I'm not seeing a downside yet.
I think they mean the millionaires will find other ways to hoard it to avoid tax levels they won't stomach. Fair? No. Reality? Probably.
People make the same argument about not returning to the tax rates of the 1950s. I say let's try it and find out.
I ... honestly would be up for this approach. When do you run for office, sir?