Reposted by @polkofthewest.bsky.social
In Lord Keynes' 1930 essay on the economic problems of our grandchildren, he makes clear that a billionaires tax will eventually (as in right now) become essential to maintaining and safeguarding democracy because without it the descent into plutocracy will be stark and steep.
fortune.com
Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts | Fortune
In two years levying a 4% surtax on incomes over $1 million, it's funded bridge repairs, bolstered literacy programs and tackled a transportation deficit.