return2ozma@lemmy.world to News@lemmy.world · 8 months ago$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the richwww.wbur.orgexternal-linkmessage-square90fedilinkarrow-up1640arrow-down14
arrow-up1636arrow-down1external-link$1.5 billion in estimated revenue: A look at the Massachusetts 'millionaire's tax' first year taxing the richwww.wbur.orgreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square90fedilink
minus-squarenbafantest@lemmy.worldlinkfedilinkarrow-up3arrow-down44·8 months ago"Meanwhile, overall state revenue collections are falling short of expectations, despite the new money from the millionaire’s tax. State finance analysts point to larger macroeconomic trends, like a drop-off in the purchasing of durable goods and a slowdown in hiring." Government Intervention 101, unfortunatly. Where’s that econ graph of this exact thing?
minus-squareGrundlButter@lemmy.dbzer0.comlinkfedilinkarrow-up38·8 months agoCrazy that a millionaire tax in MA could cause this trend countrywide. Just crazy. /s
minus-squareSeaJ@lemm.eelinkfedilinkarrow-up25·8 months agoLarger macroeconomic trends means that the trends are countrywide so your point kind of completely fails.
"Meanwhile, overall state revenue collections are falling short of expectations, despite the new money from the millionaire’s tax.
State finance analysts point to larger macroeconomic trends, like a drop-off in the purchasing of durable goods and a slowdown in hiring."
Government Intervention 101, unfortunatly. Where’s that econ graph of this exact thing?
Crazy that a millionaire tax in MA could cause this trend countrywide. Just crazy. /s
Larger macroeconomic trends means that the trends are countrywide so your point kind of completely fails.