#NotaxHavens

2025-11-14

Thanks to #MikeTipping, Proposed Tax on #Maine’s #Millionaires Lives to Fight Another Day

By Libby Palanza, June 26, 2025

"A proposed tax hike on Maine’s millionaires designed to increase funding for public pre-K-12 education has been carried over into the next legislative session – which is a small victory for the ‘#TaxTheRich’ crowd as the measure was looking at total defeat earlier this month.

"When the Legislature adjourned sine die Wednesday evening, lawmakers had yet to finalize their positions on a number of bills and resolutions introduced over the past few months. In turn, all outstanding legislation was carried over to the next special or regular session of the 132nd Legislature.

"Among these bills was #LD1089, sponsored by Rep. Cheryl A. Golek (D-Harpswell), that sought to impose a new two percent 'surcharge' on income earned over $1 million in Maine.

"The two percent tax would be applied only to the portion of a Mainer’s income that is above the $1 million threshold, meaning that everything up to that point would not be subject to this additional fee.

"The revenue collected from this tax could only be used to fund public pre-kindergarten through grade 12 #education. As is the case will all similar initiatives, however, future legislatures may pass bills allowing for all or some of these funds to be repurposed.

"It is for this reason that Rep. Gary A. Drinkwater (R-Milford) sought to amend Maine’s constitution to protect the funds collected for Maine’s new Paid Family and Medical Leave (PFML) program from being used for anything else in the future.

"An amended version of his bill directing the Maine Department of Labor (MDOL) to find the best method for protecting PFML revenue from being re-appropriated down the line.

"A late March public hearing on LD 1089 drew a great deal of testimony from both supporters and opponents of the Harpswell Democrat’s proposal to impose an additional tax on Mainers earning over $1 million.

"While those representing business and free market interests testified in opposition to the bill, representatives of municipal, educational, and social justice interests expressed support for the measure.

"Those arguing in support of the bill focused both on the need for additional state funding for #PublicSchools, as well as on the perceived fairness that this surcharge would create within Maine’s tax code.

"Opponents of LD 1089 argued that tax increases would be harmful to the state’s economy, have an outsized impact on entrepreneurs and businesses, and not necessarily improve public education as hoped.

"Following this public hearing, members of the Taxation Committee voted along partisan lines in support of this bill, with all Republicans opposing it and all Democrats favoring it."

Read more:
themainewire.com/2025/06/thank

#MainePol #TaxTheRich #Oligarchy #Education #EducationCuts #Billionaires #Millionaires #Trillionaires #NoTaxHavens #PayYourFairShare!

2025-11-14

More of this, please...!

#MillionaireTax That Inspired #Mamdani Fuels $5.7 Billion Haul in #Massachusetts

By Greg Ryan
October 21, 2025

Excerpt: "Boston Mayor #MichelleWu — whom Mamdani has called a role model — recently chastised executives for complaining about the tax. She contends that the region’s talent pool and livability are more important to its economic competitiveness.

"Many high-income taxpayers are staying in the Boston area despite the tax hike."

Read more:
bloomberg.com/news/articles/20

Archived version:
archive.ph/QzUYH

#TaxTheRich #Billionaires #Millionaires #Trillionaires #NoTaxHavens #PayYourFairShare! #ZorhanMamdani

2025-10-24

Well, here's a good use of #AI. Now, let's make it so!!! This is the #GiantLeap we all need to survive!

I Asked #ChatGPT What Would Happen If #Billionaires Paid Taxes at the Same Rate as the #WorkingClass

Story by Laura Beck
10/23/2025

Excerpts:

What That Money Could Actually Buy

"To put these numbers in perspective, ChatGPT explained what this kind of revenue could fund. Even the conservative estimate of $500 billion per year could pay for transformative programs.

"That amount could cover free public #college tuition, universal pre-K programs, massive #infrastructure investments and a huge #healthcare expansion. It could fund comprehensive #ChildCare support and #FoodAssistance programs.

"The AI emphasized that we’re talking about enough money to fundamentally change how the government operates and what services it can provide."

The Global Ripple Effects

"ChatGPT pointed out that if major economies like the United States started taxing billionaires at working-class rates, it could encourage similar moves worldwide.

"This might lead to reduced global tax avoidance, more coordinated international tax policies and pressure on tax havens to reform their systems.

"The AI said this could create a positive cycle where it becomes harder for the ultra-wealthy to avoid paying their fair share anywhere in the world."

msn.com/en-us/money/taxes/i-as

#World3 #SolarPunk #PayYourFairShare #Billionaires #TaxTheRich #UltraWealthy #NoTaxHavens #SocietalChange #ShareTheWealth #SolarPunkSunday

2024-08-28

#ScientistRebellion's Campaign: Make Them Pay

“To avoid #ClimateCatastrophe, societies must shift into emergency mode. This includes reducing the #luxury emissions of a wealthy #elite, whose carbon footprint is orders of magnitude larger than that of the rest of us. It is unacceptable that the super-rich continue criss-crossing around the world while millions are suffering from disastrous climate impacts."

Demands:

- Ban Private Jets
- Tax Frequent Fliers
- Make Polluters Pay

"We are at our strongest when we join forces with other groups. For this campaign, we collaborated with #ExtinctionRebellion, #StayGrounded, and #Debt4Climate."

scientistrebellion.org/campaig

#MakePollutersPay #WealthTax #GlobalWealthTax #NoTaxHavens #TaxTheRich #CutCEOsSalary #ObsceneProfits #ClimateCrisis #CorporatePolluters #CleanUpMotherEarth

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