Picking rich people’s pockets is profitable

Massachusetts leads the way! They placed a wealth tax on rich people and gleaned over a billion dollars, which sounds like a good deal to me.

Massachusetts’ so-called “millionaires tax” appears primed to actually deliver billions.

State officials said Monday that the voter-approved surtax on high earners has generated more than $1.8 billion in revenue this fiscal year — with still three months left to go — meaning state officials could have hundreds of millions of surplus dollars to spend on transportation and education initiatives.

Education? That’s a great priority. Also transportation is a good idea, if it’s being invested in mass transit.

They had some reservations, though, that it might scare the rich people away.

The Department of Revenue won’t certify the official amount raised until later this year. But the estimates immediately buoyed supporters’ claims that the surtax would deliver much-needed revenue for the state despite fears it could drive out some of the state’s wealthiest residents.

I would like to help Massachusetts. If every state imposed a wealth tax, the looters would have nowhere to run to!