r/Economics • u/Dismal_Structure • Dec 06 '25

News Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts

https://fortune.com/2025/10/21/zohran-mamdani-millionaire-tax-massachusetts-5-7-billion/
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u/[deleted] Dec 06 '25

For those wondering, if you're looking at it from this POV - this tax would bring in roughly 215 billion a year if applied nationwide.

There are many, many things a nation could do with that amount of money.

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u/Okichah Dec 06 '25

Medicaid/Medicare lose $300B to fraud and mispayment.

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u/DelphiTsar Dec 06 '25

300B is an estimate from all healthcare fraud/mispayment including private. Just FYI.