Tag Archives: #TaxTheRich

New Massachusetts ‘Tax the Rich’ Law Raises $1.5 Billion for Free School Lunch and More

“Taxing the rich, it’s good,” said one progressive advocate in the state.

By Julia Conley. Published 1-2-2024 by Common Dreams

Photo: U.S. Department of Agriculture
/flickr/CC

A new “millionaire’s tax” in Massachusetts was expected to generate $1 billion in revenue last year to help pay for public education, infrastructure, and early childcare programs, but projections were a bit off, according to a fresh state analysis.

The state Department of Revenue estimated late last week that the Fair Share Amendment, which requires people with incomes over $1 million, to pay a 4% annual surtax, will add $1.5 billion to state coffers this fiscal year, which ends in June—surpassing expectations.

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‘Tax the Rich,’ Say Millionaire Activists Protesting at Davos Amid Record Wealth, Inequality

“As someone who has enjoyed the benefits of wealth my whole life I know how skewed our economy is and I cannot continue to sit back and wait for someone, somewhere, to do something,” said one demonstrator.

By Brett Wilkins  Published 5-22-2022 by Common Dreams

Activists Marlene Engelhorn and Phil White demand that the rich get taxed at a May 22, 2022 protest outside the World Economic Forum conference in Davos, Switzerland. (Photo: Patriotic Millionaires U.K./Twitter)

As some of the world’s wealthiest and most powerful people—sans the usual Russian oligarchs—descend upon the swank Swiss ski resort of Davos for the start of the World Economic Forum’s annual meeting on Sunday, a multinational coalition of millionaires of conscience took direct action to demand that governments #TaxTheRich.

Activists from Patriotic Millionaires, Patriotic Millionaires U.K., taxmenow, and the 99% Initiative, who protested outside the elite compound, had a message for conference delegates: “Extreme wealth is eroding democracy,” and taxing the rich will “reduce inequality and help deal with the cost of living scandal playing out in multiple nations around the world.” Continue reading

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