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
cross-posted from: https://lemmy.world/post/3160934
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.
I'd love to see taxes like these go towards universal child care.
We need it. Now.
How did they get that money after all the millionaires fled the state like they always say they will?
They are. It's not a direct cash transfer but instead a portion of the budget that everyone pays into. Additionally, people are required to pay taxes on their income earned within a state while they live there. Moving won't impact their taxes for that year.
There is a massive outflow of wealth from Massachusetts. It's difficult to determine how that translates to income as there's a lot of industry linked to education in the commonwealth. Anyone who claims with certainty one way or another right now is talking ignorance until the state publishes actual revenues and by source and we can assess the trend over time.
This is an okay start, but it needs to be nationwide to be effective. It's too easy for the ultra-wealthy to weasel out of one state without any real change in lifestyle.
We need a national wealth tax to take back all the wealth that had been stolen from the middle class for the last 4 decades.
Set the tax extremely high, then have the IRS offer a 10% finders fee to anyone who uncovers any scheme by which the wealthy are trying to illegally hide their wealth
These psychopaths have watched the world starve and struggle while sitting on mountains of money so large that they are practically unfathomable.
Yes! ââ¤ď¸
This should be a priority everywhere. I can afford to send my daughter with good food, but not everyone can, and just one hangry kid can derail the entire class. And who better to pay for it than people whose financial considerations never include their next meal? Proud of my New England neighbors.