Is 1mil$ usd in free assets enough to be considered one or is this like not cutting it anymore?
Cause I always have problems where to put myself in this debate. I still wanna evade taxes but also want to be able to shit at rich ppl for free points online
Tax wise I am a fucking farmer can you believe. I played manor lords and stardew valley though
Dude, the amount of money you have is not really the point, but in this world rich ppl usually are such because they exploit workers. If you made your wealth entirely by your own work you are not a capitalist, so enjoy life, pay your taxes and I wish you the best.
You’re an expert in economics. Explain why it takes time for capital flight to occur and what’s the expected population decay expected in Massachusetts given the current policies. Make note of supply and demand curves. Use less than five sentences.
Capital flight takes time because investors must liquidate assets, navigate regulatory hurdles, and identify safer investments, all of which are complex and time-consuming processes. Population decay in Massachusetts due to current policies is expected as high taxes and living costs push residents to more affordable states, shifting the supply and demand curves for housing and labor. The supply curve for housing may increase, lowering prices, while the demand curve for labor may decrease, reducing wages. Over time, these economic adjustments can significantly impact population dynamics and economic stability in the state.
the tax started in 2023 and the ‘‘study’’ you linked shows data from 2019-2022, and they’re bemoaning that the 1% has to pay 23% of the income taxes. I’m sure they’ll be happy in Florida.
So if they’re already leaving because of high taxes, and they tax them even more, guess what…even more will leave. It’s not speculative, it’s happening. The top quintile pays 90+% of taxes. Driving them out ultimately means loss of revenue for the state
What percentage of their income do billionaires and corporations pay? The stats you bootlicking self flagellates like to point at mean actually nothing.
More than you. And I’m not a bootlicker, I’m the boot…and I’m tired of the government trying to find ways to take more of my money to give to underachieving losers
I don’t need to waste my time but you amuse me. For fun I’ll only use the source you provided.
if they’re already leaving because of high taxes
Citation needed, the source you linked says they’re leaving because WFH became popular during the pandemic, not because of high taxes.
The chart shown is for earners making more than 200k, whom are not the target of the millionaire tax.
The opinionated article then goes on to say the largest block of folks leaving are age 55-65, and they’re mostly moving to Florida. This is not a new trend, but I’ll admit I’m not going to dig up a source to prove that it’s not new. That being said nothing you’ve cited shows that retirees are leaving because of the millionaire tax, only that FL doesn’t have state income tax.
You’re free to draw whatever conclusions you want from the data provided but I don’t see how it’s at all relevant to the post.
New York has had the problem of greedy people leaving right? To the point they’d check your cell records and where you get your teeth cleaned, if you’re a millionaire claiming to leave NY to FL. (They expect you might fly back to New York to see your doctor, but they’re suspicious if you’re not at least getting your teeth cleaned in Florida.)
Not when you’re tech centered. Look at the top occupation for immigrants by state. They are all maids care workers, construction and farm hands… except Massachusetts. In Massachusetts the top immigrant job is programming.
Yeah, people with all the money in the world are gonna give up their Malibu mansions with private beaches and sick views to move to North Dakota to avoid taxes 🙄
I guess super rich people in Boston might move to New Hampshire but it’s still a huge step down in amenities, proximity to workers (for the job creators), and social events (for the benefactors). And then your adult children are borrowing the helicopter to go everywhere.
They’re also not suffering at all whatsoever right now and can easily afford it. Some even are open to just paying a tax if it means people feel less hungry for their faces.
Well… Based on the logic behind this bill, billionaires should have additional taxes on top of the millionaire tax. Since a billion dollars is 1000x more money than a million dollars, we should tax them, let’s see… 0.04x1000=40, an extra 40%!
Add comment