Grant Me StrengthOct 26

If you tax the wealthy they’ll leave.

We tax them. They leave.

Every country taxes them. They leave.

Now they live in international waters on giant boats. They hate it. The food is awful. They get norovirus a lot.

The world carries on, considerably better off.

Show threadPeter BrownOct 26
@GrantMeStrength there doesn’t seem to be any actual statistical evidence that they do leave. Just anecdotal threats to intimidate government into not taxing them.
Show threadFeloniousPunkOct 26

@peterbrown @GrantMeStrength It’s just a scare tactic. Massachusetts proved it.

https://fortune.com/2025/10/21/zohran-mamdani-millionaire-tax-massachusetts-5-7-billion/

Millionaire tax that inspired Mamdani fuels $5.7 billion haul in Massachusetts

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.

Fortune
Show threadJustin Derrick
@FeloniousPunk @peterbrown @GrantMeStrength They should increase it by 1% every year until they get back to the 90% marginal tax rate the US had until the 80’s.
Oct 26 at 11:33pmWeb
Show threadPeter BrownOct 27
@JustinDerrick @FeloniousPunk @GrantMeStrength that was only the top rate. Most of your income was taxed at a much lower rate than that.
Show threadWesDymOct 27

@peterbrown @JustinDerrick @FeloniousPunk @GrantMeStrength Yes, that's what "marginal" means.

https://en.wikipedia.org/wiki/Tax_rate#Marginal

Tax rate - Wikipedia

Show threadPeter BrownOct 27
@wesdym @JustinDerrick @FeloniousPunk @GrantMeStrength yes the reply wasn’t specifically directed to you but anybody else reading the thread. I think I’d be looking at increments of more than 1% per year though