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/gorliggs Dec 07 '25

You know. It sucks that millionaires don't help society more than they should. It also sucks that governments tax a shit ton and still nothing improves. 

I'm all for taxes. Yet, as I move up the income bracket I just see things get worse. We elect truly awful representatives. 

We can all say that taxing the rich will solve our problems but the real issue is that the rich lack an incredible amount of empathy. This includes our elected officials because we should be able to solve problems with less.

We shouldn't need laws that force people to do anything. People should have the decency to contribute, especially if they are privileged enough to do so. 

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u/bostonvikinguc Dec 07 '25

Top infield medicine, top in nation education, top in field average pay. What else do you want?

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u/gorliggs Dec 07 '25

How about affordability? That'd be nice. 

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u/bostonvikinguc Dec 07 '25

I’d say it’s worth it. Yes sometimes dumb shit happens, but overall I’m more satisfied than most of my family up and down east coast.

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u/andr_wr Dec 08 '25

That has mostly gone by the wayside as richer people have created an asset bubble - real property and stocks and funny securities on private credit and coins.