Reply to Austerity Doesn’t Work

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[quote=Anonymous][quote=Anonymous][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]
Millionaires like someone has over $1-2 m saved for retirement ? [/quote]

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.  [/quote]

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. [/quote]

Right because Buffet got K1 income taxed at capital gains rates.[/quote]

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