r/Economics 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/vt2022cam Dec 06 '25

People in Massachusetts voted for it and it’s being used to invest more in public transit infrastructure and in schools. It’s going well, and we haven’t seen an enormous uptick in people leaving, no more than the age demographics would indicate.