The estimated haul is already $800 million more than what Governor Maura Healey and state lawmakers planned to spend from its revenue in fiscal year 2024.
Not when you're tech centered. Look at the top occupation for immigrants by state. They are all maids care workers, construction and farm hands... except Massachusetts. In Massachusetts the top immigrant job is programming.
the tax started in 2023 and the ''study'' you linked shows data from 2019-2022, and they're bemoaning that the 1% has to pay 23% of the income taxes. I'm sure they'll be happy in Florida.
Well... Based on the logic behind this bill, billionaires should have additional taxes on top of the millionaire tax. Since a billion dollars is 1000x more money than a million dollars, we should tax them, let's see... 0.04x1000=40, an extra 40%!
Yeah, people with all the money in the world are gonna give up their Malibu mansions with private beaches and sick views to move to North Dakota to avoid taxes 🙄
I guess super rich people in Boston might move to New Hampshire but it’s still a huge step down in amenities, proximity to workers (for the job creators), and social events (for the benefactors). And then your adult children are borrowing the helicopter to go everywhere.
You're an expert in economics. Explain why it takes time for capital flight to occur and what's the expected population decay expected in Massachusetts given the current policies. Make note of supply and demand curves. Use less than five sentences.
Capital flight takes time because investors must liquidate assets, navigate regulatory hurdles, and identify safer investments, all of which are complex and time-consuming processes. Population decay in Massachusetts due to current policies is expected as high taxes and living costs push residents to more affordable states, shifting the supply and demand curves for housing and labor. The supply curve for housing may increase, lowering prices, while the demand curve for labor may decrease, reducing wages. Over time, these economic adjustments can significantly impact population dynamics and economic stability in the state.