People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more.
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
@WeirdWriter Yep, NJ did that a few years earlier with the same result.
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
@WeirdWriter Even if I lived there and if I was filthy rich(*), I would have voted for it.
It's a freaking investment in society. Apparently even a lucrative one too.
(*) Neither is true, gladly
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
@WeirdWriter This.
I hate that the threat of relocation is usually enough to put a stop to progress, but the bigger problem is the Schumers and Newsoms of the world, who take their bribes and only allow items that benefit the rich to navigate the legislative system.
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
@WeirdWriter
That would be nice. Here in Nebraska, starting this year, a single person making $18,001 will pay the same marginal tax rate as Pete Ricketts, Jim Pillen, and Warren Buffett will.
Nebraska 2026 Income Tax: Three Brackets, Top Rate 4.55%
Nebraska is set to implement significant tax reforms on January 1, 2026, reducing the top individual income tax rate from 5.20% to 4.55%. The reform collapses the previous four-tier system into three brackets. These changes impact payroll withholding immediately in 2026. For immigrants and new residents, understanding these shifts is vital for financial planning, especially as rates are scheduled to drop further to 3.99% in 2027.
VisaVerge (www.visaverge.com)
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@WeirdWriter
That would be nice. Here in Nebraska, starting this year, a single person making $18,001 will pay the same marginal tax rate as Pete Ricketts, Jim Pillen, and Warren Buffett will.
Nebraska 2026 Income Tax: Three Brackets, Top Rate 4.55%
Nebraska is set to implement significant tax reforms on January 1, 2026, reducing the top individual income tax rate from 5.20% to 4.55%. The reform collapses the previous four-tier system into three brackets. These changes impact payroll withholding immediately in 2026. For immigrants and new residents, understanding these shifts is vital for financial planning, especially as rates are scheduled to drop further to 3.99% in 2027.
VisaVerge (www.visaverge.com)
@pomegranate_stew @WeirdWriter Don't worry, they make it back with some public contract work at extortionate prices.
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
May I ask, where is your data?
Not because I doubt your claim, but because I would like to have someleverage for pressuring my own government.
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@pomegranate_stew @WeirdWriter Don't worry, they make it back with some public contract work at extortionate prices.
I’d laugh, but our governor is currently under investigation for his handout of $2.5 million to a friend’s company using an emergency no-bid contract illegally.
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May I ask, where is your data?
Not because I doubt your claim, but because I would like to have someleverage for pressuring my own government.
It's everywhere. Even Google can find them, but I edited my post to include just 1 study out of 20 I found in under 5 minutes. @northernlights
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It's everywhere. Even Google can find them, but I edited my post to include just 1 study out of 20 I found in under 5 minutes. @northernlights
@WeirdWriter @northernlights It's the same link that I found. It shows that a millionaire tax doesn't interfere with economic growth and that it does produce tax revenue that can be used productively to lift all boats. It does not establish however that there is a causal link from millionaire tax to increased wealth for everyone, though the Kansas counterexample is suggestive.
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People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
@WeirdWriter pay attention Google and friends. This is coming world wide. BABA (BUY ANYTHING BUT AMERICAN)
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@WeirdWriter @northernlights It's the same link that I found. It shows that a millionaire tax doesn't interfere with economic growth and that it does produce tax revenue that can be used productively to lift all boats. It does not establish however that there is a causal link from millionaire tax to increased wealth for everyone, though the Kansas counterexample is suggestive.
@martinvermeer @WeirdWriter @northernlights I think the point is not to link wealth distribution with increased taxes on high earners - it is to link improved happiness due to those taxes going towards general public goods like libraries, community centers, free transit, etc.
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@martinvermeer @WeirdWriter @northernlights I think the point is not to link wealth distribution with increased taxes on high earners - it is to link improved happiness due to those taxes going towards general public goods like libraries, community centers, free transit, etc.
@rhempel @WeirdWriter @northernlights That, and it improves social cohesion when people of small means see that the society they are living in is also there for them. Less likely to want to burn it all down by electing a wrecker.
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@rhempel @WeirdWriter @northernlights That, and it improves social cohesion when people of small means see that the society they are living in is also there for them. Less likely to want to burn it all down by electing a wrecker.
@rhempel @WeirdWriter @northernlights And BTW the investments in public goods you mention may well lower the GDP as conventionally measured!
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@WeirdWriter
That would be nice. Here in Nebraska, starting this year, a single person making $18,001 will pay the same marginal tax rate as Pete Ricketts, Jim Pillen, and Warren Buffett will.
Nebraska 2026 Income Tax: Three Brackets, Top Rate 4.55%
Nebraska is set to implement significant tax reforms on January 1, 2026, reducing the top individual income tax rate from 5.20% to 4.55%. The reform collapses the previous four-tier system into three brackets. These changes impact payroll withholding immediately in 2026. For immigrants and new residents, understanding these shifts is vital for financial planning, especially as rates are scheduled to drop further to 3.99% in 2027.
VisaVerge (www.visaverge.com)
@pomegranate_stew @WeirdWriter Your comment about NE seemed as if it must be incorrect. Then, I read the link. What a crazy way to "graduate" tax brackets.
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@pomegranate_stew @WeirdWriter Your comment about NE seemed as if it must be incorrect. Then, I read the link. What a crazy way to "graduate" tax brackets.
@MarvinFreeman @WeirdWriter
I know! I included the link because it’s just so absolutely ridiculous I thought no one would believe it otherwise.Our millionaire former governor Ricketts was able to get rid of all the Republicans who didn’t back him and donated massive amounts to the Republicans who replaced them, because money wins elections. Then he handpicked and backed his successor so he could be appointed Senator when Sasse stepped down to U of Fl, $ was donated to DeSantis’ campaign too.
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@rhempel @WeirdWriter @northernlights And BTW the investments in public goods you mention may well lower the GDP as conventionally measured!
@martinvermeer @rhempel @WeirdWriter
Thank you for this!
* tucks link into pocket and scurries past the censors* -
R relay@relay.mycrowd.ca shared this topicR relay@relay.infosec.exchange shared this topic
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@WeirdWriter It's too bad the rich people didn't leave, but otherwise it sounds like a success.
@IzzyChambers @WeirdWriter that’s how we know they set the increase too low.
but also, all they’d have to do is cross a state line. It’s got to be the easiest place for wealth flight imaginable and they still didn’t take it. It always was a bluff -
@WeirdWriter
That would be nice. Here in Nebraska, starting this year, a single person making $18,001 will pay the same marginal tax rate as Pete Ricketts, Jim Pillen, and Warren Buffett will.
Nebraska 2026 Income Tax: Three Brackets, Top Rate 4.55%
Nebraska is set to implement significant tax reforms on January 1, 2026, reducing the top individual income tax rate from 5.20% to 4.55%. The reform collapses the previous four-tier system into three brackets. These changes impact payroll withholding immediately in 2026. For immigrants and new residents, understanding these shifts is vital for financial planning, especially as rates are scheduled to drop further to 3.99% in 2027.
VisaVerge (www.visaverge.com)
@pomegranate_stew @WeirdWriter and they have the gall to whine about budget shortfalls
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@pomegranate_stew @WeirdWriter and they have the gall to whine about budget shortfalls
@tirrimas @WeirdWriter
Which are, of course, created by them so they can claim they “have” to cut social services. 🤬 -
People need to look at what Massachusetts did back in 2023, they raised taxes by 2 percent on people making 1 million dollars or more. And the residents of the state voted on it. They have been reaping 3 billion dollars a year ever since just from this alone. And guess what? There wasn't this mass exodus of rich people from the state.
If these wealthy people want to uproot their lives for a 2-4 percent increase, let them, but we have data showing taxing the rich makes everybody more money in the long run
Placing a 3% tax on billionaires is the difference for them in popping in a private jet for a skiing weekend in Chamonix and popping in a private jet for a skiing weekend in Chamonix !
