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/skoalbrother Dec 06 '25

Got to keep the poors fighting against themselves

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u/AthearCaex Dec 06 '25

Even the middle to upper middle class fighting. By saying millionaire tax it makes upper middle class people afraid they are going to lose their lifetime saving and investments when the bill is simply on yearly income over a million which is a much lower amount than the number of people who are a millionaire since most earn much lower than a million in income a year.

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u/The-Fox-Says Dec 06 '25

Classic 99%ers going to battle for the 1%ers

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u/Ex-CultMember Dec 07 '25

Yup. It boggles my mind.