Massachusetts passed a 4% millionaire's tax last year. Now every public school student is going to get free lunch.
www.businessinsider.com

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.

  • @yoyogamer
    -2•2 years ago

    And yet you guys wonder why millionaires move to Texas. You increase the taxes above a certain number and they’ll take all their wealth, consumption and their taxes to another state.

    Taxes should be sustainable. High taxes on rich people aren’t sustainable because they’ll leave taking whatever taxes they pay and whatever consumption they do which contributes to the economy.

    • Flying Squid
      12•2 years ago

      The wealth that they hoard? The consumption they import? Let me guess, they’re also “job creators.”

        • Flying Squid
          3•2 years ago

          A corporation. Not a rich individual.

          • @yoyogamer
            0•2 years ago

            Who do you think created these corporations? Rich people with aim to make more money.

            Capitalism pays your salary. Without capitalism and with theft of wealth via unfair taxation, your job won’t exist.

            • Flying Squid
              2•2 years ago

              Rich people do not need to exist for corporations to exist. Also, you think wage theft doesn’t happen under capitalism?

              According to the Economic Policy Institute, wage theft costs U.S. workers as much as $50 billion per year — a number far higher than all robberies, burglaries and motor vehicle thefts combined.

              https://inthesetimes.com/article/wage-theft-union-labor-biden-iupat

              All right! Go capitalism!