Flutterby™! : Turns out taxes work

Yawu Miller ‪@yawumiller.bsky.social‬

Mass. voters were told millionaires would leave the state in droves if the millionaires tax passed and revenue would decline. Two years later, there are more millionaires living here than ever and the state collected $2.2 billion from the surtax.

Institute for Policy Studies: New Data Shows Wealth Expands After Higher State Taxes on High-Income Earners, looking at how the surtax on large incomes has helped in Washington and Massachusetts, without slowing economic growth in those states.