@sin_free_for_00_days@sopuli.xyz
Post #2790206
2026-05-11 01:16 UTC
You might think so, but that's not what happens. Also, fuck them if they won't pay their fair share. Good riddance to the fucking ghouls.
> Such proposals have raised predictable outrage from the rich, along with threats that they’ll move elsewhere where taxes are lower and dire predictions that their fellow plutocrats will refuse to move in.
>
>Yet there’s scant evidence for these consequences. In fact, when Massachusetts passed a “millionaires tax” in 2023, conservatives claimed the rich would flee. But two years later, they haven’t — and Massachusetts has collected $5.7 billion for infrastructure and public education.
> -[Robert Reich](http://www.smirkingchimp.com/thread/robert-reich/115331/a-wealth-tax-that-will-work)
Replies (2)
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@Batmorous@lemmy.world 2026-05-11 09:33
Let's make it happen in every state!! We got this!!!!
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@panthera_@lemmy.today 2026-05-11 02:48
From https://finance.yahoo.com/news/only-6-billionaires-left-california-073000585.html Six of California’s 214 billionaires have been widely reported to have left the state in time to avoid a proposed 5% wealth tax—but that small cohort would have collectively generated $27 billion in tax revenue, roughly a fourth of the initiative’s projected $100 billion haul.