https://www.frontpagemag.com/fpm/272867/what-taxing-rich-did-elizabeth-warren-and-daniel-greenfield
Tax time is usually an unhappy time for taxpayers, but a joyous time for government employees and the welfare class that gets more in “refunds” than it ever pays in taxes.
But this year, tax time is a depressing time for the taxmasters in the big blue states.
Blue states use high taxes to finance their frivolous spending. But this year, the money just isn’t there even as House and Senate lefties from big blue states tout new plans to soak the rich.
Senator Elizabeth Warren made headlines by building her 2020 campaign around a “wealth tax”.
Warren called it, “the ‘Ultra-Millionaire Tax” and claimed that it only “applies to that tippy top 0.1% – those with a net worth of over $50 million”. That’s convenient because the millionaire class warrior’s own estimated net worth tops out at around $10 million. When millionaires like Elizabeth Warren talk about taxing wealth, they mean the wealth of the millionaires who are wealthier than they are.
But over in Warren’s Taxachusetts, soaking the rich isn’t keeping the blue state model afloat.
Massachusetts experienced a January tax revenue shortfall of $195 million. That’s down 6% from 2018. And January is the cold, snowy month that is meant to account for 10% of the revenues for the year.
December was none too cheerful either.