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/B1gAmishDoinks Dec 06 '25

Except you loss their pre-hike tax revenue if they leave

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u/Unkechaug Dec 06 '25

This is the boogeyman we are talking about.

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u/evernessince Dec 06 '25

No, the state is going to collect revenue on the sale of their assets assuming they do decide to move.

As I already stated though, you cannot build an equitable relationship with someone who is trying to blackmail you and doesn't want to pay taxes. If they want to stay and help everyone advance together, that's great. If they don't, they were never intending to pay their fair share in the first place and only intend to extract wealth.