Austerity Doesn’t Work

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In 2022 Massachusetts raised taxes on millionaires by 4%, and conservatives said the rich would flee. Instead, the state saw a 39% increase in the number of millionaires. The state passed universal free breakfast and lunch for all public school children. It is now one of the least poverty-stricken states in the country. NYC mayoral candidate Mamdani proposed raising taxes on the rich by 2%.

Millionaires like someone has over $1-2 m saved for retirement ?

No. It’s tax on the excess of annual income over $1million. That revenue is then held for transportation and education programs/projects. The idea is redistribution from wealthier communities to poorer ones for key infrastructure.

So the UMC dual income high earning w-2 sucker families can pay it.

Us black market, bottom 59% w-2 workers, and the tippy top wealthy with no w-2 income doesn’t get affected whatsoever ever.

FYI there was a reason Warren Buffet paid himself a $1 (w-2 ordinary income) annual salary.

[Anonymous]

No austerity

More tariffs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In 2022 Massachusetts raised taxes on millionaires by 4%, and conservatives said the rich would flee. Instead, the state saw a 39% increase in the number of millionaires. The state passed universal free breakfast and lunch for all public school children. It is now one of the least poverty-stricken states in the country. NYC mayoral candidate Mamdani proposed raising taxes on the rich by 2%.

Millionaires like someone has over $1-2 m saved for retirement ?

No. It’s tax on the excess of annual income over $1million. That revenue is then held for transportation and education programs/projects. The idea is redistribution from wealthier communities to poorer ones for key infrastructure.

So the UMC dual income high earning w-2 sucker families can pay it.

Us black market, bottom 59% w-2 workers, and the tippy top wealthy with no w-2 income doesn’t get affected whatsoever ever.

FYI there was a reason Warren Buffet paid himself a $1 (w-2 ordinary income) annual salary.

That's another thing that needs to change in the tax code.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In 2022 Massachusetts raised taxes on millionaires by 4%, and conservatives said the rich would flee. Instead, the state saw a 39% increase in the number of millionaires. The state passed universal free breakfast and lunch for all public school children. It is now one of the least poverty-stricken states in the country. NYC mayoral candidate Mamdani proposed raising taxes on the rich by 2%.

Millionaires like someone has over $1-2 m saved for retirement ?

No. It’s tax on the excess of annual income over $1million. That revenue is then held for transportation and education programs/projects. The idea is redistribution from wealthier communities to poorer ones for key infrastructure.

So the UMC dual income high earning w-2 sucker families can pay it.

Us black market, bottom 59% w-2 workers, and the tippy top wealthy with no w-2 income doesn’t get affected whatsoever ever.

FYI there was a reason Warren Buffet paid himself a $1 (w-2 ordinary income) annual salary.

Right because Buffet got K1 income taxed at capital gains rates.