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Reply to "Zohran Mamdani..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]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%.[/quote] I note how you didn't provide a link for your stats. They are from a progressive think tank, Institute for Policy Studies. But, the stats are in question.... Paul Diego Craney, spokesman for MassFiscal, argued that the Institute for Policy Studies is trying to “spin the fact that incomes and net worth have increased across the country into a case for higher taxes.” “But the reality is simple: incomes rose everywhere between 2018 and 2022 due to broader national trends like inflation, federal stimulus, and a booming stock market,” Craney said in a statement Thursday. “Net worths soared because housing prices soared. A surge in real estate values doesn’t mean Massachusetts tax policy is working.” The Mass Opportunity Alliance also offered a sharp rebuke to the Institute for Policy Studies report. It pointed out how in January, U-Haul ranked Massachusetts as the state with the second-worst population growth for the second year in a row, while United Van Lines found that 53% of residents leaving the state earn $150,000 or more annually. Massachusetts gained 69,603 residents between 2023 and 2024, but 90,217 international migrants helped offset a “loss” of 27,480 domestic residents, according to Census estimates. https://www.bostonherald.com/2025/05/01/massachusetts-millionaires-tax-stirs-argument-on-whether-state-has-gained-or-lost-wealth/ "international migrants" = illegal aliens. [/quote] So the MA policy was based on net worth and unrealized home values?! [/quote]
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