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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@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 !
