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.

Universal free school meals, much-needed improvements to an aging public transportation system, and tuition-free education for community college students are just some of the programs Massachusetts’ wealthiest residents have helped pay for after voters approved the law in 2022 amid growing calls across the United States to tax the richest households and corporations.

    • Flying Squid@lemmy.world
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      10 months ago

      That’s a joke, but I have talked to libertarians who think that if the road is full of potholes, neighbors should come together and pay for the road to be repaved.

      • 4am@lemm.ee
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        10 months ago

        Yeah, we should actually all pool our money together for the repairs and maintenance. I wonder what we could call such a thing? Hmm 🤔

      • thefartographer@lemm.ee
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        10 months ago

        I tend to somewhat agree: if someone believes that infrastructure should be privatized, I think their neighbors should come together and use that person to build a new speed bump on the road.

      • LillyPip@lemmy.ca
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        10 months ago

        Honestly, libertarians are free to do that now. Where I live there are loads of both potholes and libertarians. What’s stopping them from practicing what they preach and fixing the problem themselves? They’d get more street cred (literally) that way. Be the change.

        But no. The real answer is it’s always someone else’s problem, and that’s why government exists.

      • ChickenLadyLovesLife@lemmy.world
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        10 months ago

        I grew up in a college town where repaving did actually work like that: streets didn’t get repaired at all unless a majority of the homeowners voted to approve a surtax to pay for it. In areas that were mostly college student rentals, the scumlord “homeowners” always voted against the surtax and the streets were nearly un-drivable, more like uneven dirt roads with big chunks of broken asphalt embedded in them.

    • AbidanYre@lemmy.world
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      10 months ago

      I remember arguing with some guy on Reddit who thought the entire judicial system should be private and people would just go along with it because their reputation would be hurt if they didn’t accept whatever punishment the private judges said they should get.