A millionaire levy in Massachusetts that New York City mayoral frontrunner Zohran Mamdani holds up as a model for taxing the rich has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.
Lol
But still…
They’re fucking millionaires…
They’re not being “priced out” of states with taxes like this.
If they want to go live in Scottsdale Arizona, more power to them. But very few will.
And I’m super disappointed I couldn’t find a clip from American Dad where Klaus shit’s on Scottsdale.
It’s more ironic to think that those pissy rich people throwing a tantrum about how taxes ruin everything, yet they almost always prefer to live in high taxes places because living there is better.
The hypocrisy would be so funny if it wasn’t so harmful to most people.
If they were just going to leave when taxes are imposed, they wouldn’t be fighting it so hard. They spend huge amounts of money fighting tax increases because they know they’ll stay either way
I mean, only if you think those are genuine hissyfits and not just trying it just because it might work and costs them virtually nothing.
It’s not that say it and back down.
It’s that they say it because it costs them nothing to say it and they might get away with it.
There is absolutely no data scientist, data engineer, or dev in the “AI space” that has turned down a million+ salary because of the state’s mild marginal tax rate bump. Like, jfc, these pissbabies
Million dollar salaries themselves are incredibly rare. Just executives and star talent whose names alone will bring in more investment. Being really smart isn’t what drives a crazy salary like that.
So… if you tax millionaires, they won’t simply leave?
Hmm…