this post was submitted on 15 Jan 2024
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It's pointless in that it's not going to earn enough tax revenue to make a difference. Billionaires didn't become billionaires from their paychecks.
I suppose it depends on what segment of “wealthy” you want to focus on. Billionaires make the news but there are very few of them
Massachusetts recently passed a “millionaires tax” on those earning $1M in the state. It affects 0.6% of the state’s population and has brought in enough to fund school lunches for everyone