Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.
Then you have to continually fight a lot of battles about your money and it gets complicated but sure that’s definitely a thing people also do and there are no magic bullets and all options for everything are a bit sucky - but having some of these mega-high-earners pay a bit more tax is still better than doing nothing because you’re worried they’ll take the money away, and the wider the policy of fair graduated tax is applied, the better it works
Oh, my point is more that “These cretins only pay taxes when there are teeth behind enforcement” rather than “We shouldn’t tax them more because they might leave”
Then you have to continually fight a lot of battles about your money and it gets complicated but sure that’s definitely a thing people also do and there are no magic bullets and all options for everything are a bit sucky - but having some of these mega-high-earners pay a bit more tax is still better than doing nothing because you’re worried they’ll take the money away, and the wider the policy of fair graduated tax is applied, the better it works
Oh, my point is more that “These cretins only pay taxes when there are teeth behind enforcement” rather than “We shouldn’t tax them more because they might leave”
Make the IRS feared again
Then we are on the same side 👍