Row 55995

Row ID: 55995 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 55995 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

[The $1.8b is in only the first nine months...](https://finance.yahoo.com/news/massachusetts-already-collected-1-8b-133013485.html)

> Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state’s highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report.

[The $1b in lost revenue isn't even proven and is over the next decade...](https://ca.finance.yahoo.com/news/massachusetts-risks-1-billion-lost-110502426.html)

> Massachusetts stands to lose almost $1 billion in annual revenue *by 2030* as high taxes and housing costs push wealthy residents to move elsewhere.

So really gaining 10-20 billion over a decade is greater than losing a billion over a decade.

When wealth leaves it leaves lots of assets for others to buy. It actually brings down inflation at least in housing. It isn't all that bad really.

If wealth is gonna leave, other people are gonna take that spot. The markets in these places are too big to really be hit by too many high earners leaving. It is not even a concern.

Wealth that bails from a place over not that much more in taxes, who cares if they leave?

> Voters approved the measure in 2022 to levy an additional 4 percent tax on annual earnings over $1 million

They can't pay 4% more over a million? Probably not the best people and might be better if they leave.

Wealth taxes actually work because of the take size and most wealth will turn to investment and other uses of their money to lower their tax bill. Wealth taxes are the best form of stimulus there is really, immediate results with investment over paying taxes. Either way it is a win.

Field	Value
text	[The $1.8b is in only the first nine months...](https://finance.yahoo.com/news/massachusetts-already-collected-1-8b-133013485.html) > Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state’s highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report. [The $1b in lost revenue isn't even proven and is over the next decade...](https://ca.finance.yahoo.com/news/massachusetts-risks-1-billion-lost-11…
label	r/economics
dataType	comment
communityName	r/Economics
datetime	2024-05-23
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Raw Record

{
  "text": "[The $1.8b is in only the first nine months...](https://finance.yahoo.com/news/massachusetts-already-collected-1-8b-133013485.html)\n\n> Massachusetts has collected about $1.8 billion from a voter-approved surtax on the state’s highest earners through the first nine months of the fiscal year, the Department of Revenue said Monday in a quarterly report.\n\n[The $1b in lost revenue isn't even proven and is over the next decade...](https://ca.finance.yahoo.com/news/massachusetts-risks-1-billion-lost-110502426.html)\n\n> Massachusetts stands to lose almost $1 billion in annual revenue *by 2030* as high taxes and housing costs push wealthy residents to move elsewhere.\n\nSo really gaining 10-20 billion over a decade is greater than losing a billion over a decade. \n\nWhen wealth leaves it leaves lots of assets for others to buy. It actually brings down inflation at least in housing. It isn't all that bad really. \n\nIf wealth is gonna leave, other people are gonna take that spot. The markets in these places are too big to really be hit by too many high earners leaving. It is not even a concern.\n\nWealth that bails from a place over not that much more in taxes, who cares if they leave?\n\n> Voters approved the measure in 2022 to levy an additional 4 percent tax on annual earnings over $1 million\n\nThey can't pay 4% more over a million? Probably not the best people and might be better if they leave.\n\nWealth taxes actually work because of the take size and most wealth will turn to investment and other uses of their money to lower their tax bill. Wealth taxes are the best form of stimulus there is really, immediate results with investment over paying taxes. Either way it is a win.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1XVnhJQ293TkhkZ2lpZHdVQW9ZTU5YandUWllwSE1VNkVoeHl0djJWZGR3cGl2WmtTMG9sa3F3QVV0YjZEclF5dnIzMFdJWVJNMzNvdHZUTHpYNnpjbFE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9tTHA4T0E1QWFESHRPWjF5MWI5M19nOHdBRmdVaEhHQWtjakhjMlNhckZaem9LVS1QV1dKX2JmUEhKNTJDOFEwQTNqZ3pwUWlUUTAxM1hMZWhjUlh2ZnBEbkhUVVZpWXpTZUdxbUJfSFhXUTlRbU5iMm9VNjBjSDhBbWlLY1lTTWFPTURNUG9CcnZNWHljeUowcDFkWXNfend0a0QtTVZLa0tWT3V4NnNSbFY0U2FhR1hQVUZtc01wYmVhVEkyT2ZETzBLamNqWVdaRHZ4QU16OVVKcE1nUT09"
}

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Entry Information

Entry ID: 55995
Repository: Axioma AXP
Dataset: arrmlet/reddit_dataset_36
Total Entries: 100,000