#payyourfairshare — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #payyourfairshare, aggregated by home.social.
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#BernieSanders to Rally for #BillionaireTax in #California as #Crypto Industry Joins Newsom in Opposition
“While US billionaires became $1.5 trillion richer last year, the average worker in America has just $955 in retirement savings,” said Sen. Bernie Sanders. “That’s why I’ll be in LA this week fighting for a #WealthTax on #billionaires.”
Jake Johnson
Feb 18, 2026Excerpt: "The proposal has also drawn opposition from Democratic California Gov. #GavinNewsom, who has close ties to #SiliconValley elites—some of the most vocal opponents of the state wealth tax plan. (Notably, the billionaire CEO of the most valuable company in the world, #Nvidia, said earlier this year that he is 'perfectly fine' with the proposal as others in his class pumped millions into the effort to defeat it.)"
Read more:
https://www.commondreams.org/news/bernie-sanders-california-billionaires-tax#USPol #TaxTheRich #BillionairesTax #PayYourFairShare #TechBillionaires #Technogarchs
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From 2024: #Louisiana lawmakers pass income and #corporate #TaxCuts, raising statewide #SalesTax to pay for it
By JACK BROOK
Updated 8:55 PM EST, November 22, 2024
BATON ROUGE, La. (AP) — "Louisiana’s #GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, giving Gov. Jeff Landry much of what he wanted after his original tax reform package faced mounting resistance from lawmakers and lobbyists."The final passage of the tax measures wrapped up a special legislative session launched Nov. 6 by the governor and his allies. They said their purpose was to make the state’s tax code more business friendly, create jobs and reverse trends of outward migration from the state. It was the third special legislative session called by Landry, a Republican, since he assumed office in January.
"Critics warned the tax reforms would primarily benefit corporate #shareholders and #wealthy taxpayers while the sales tax increase would exacerbate Louisiana’s regressive tax system where #poorer households pay a higher percentage of their income on taxes."
Read more:
https://apnews.com/article/louisiana-tax-reform-special-session-landry-95db6e608809dcdcfae5f5de8b0355d4#KillThePoor #TaxBreaksForTheRich
#TaxTheRich #PayYourFairShare #LouisianaPol #USPol #CEOs #Corporations #Millionaires #Billionaires -
That was the plan all along...!
Expert: Analysis shows Trump tax plan “taking money” from bottom 95% and “giving it” to richest 5%
"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"
By Tatyana Tandanpolie
Published October 8, 2024Excerpt: "Former President Donald Trump's proposed tax plan would create tax cuts for the nation's top 5% of earners while leaving the rest of Americans to shoulder tax increases by 2026, according to a new analysis.
"The report, released Monday by the Institute on Taxation and Economic Policy (#ITEP), found that enacting Trump's tax proposals would offer the richest 1% of earners an average tax cut of over $36,300, while the next highest 4% of earners would see average tax cuts of nearly $7,200. The remaining 95% of Americans, however, would see average tax increases, spanning from just over $600 to nearly $1,800 depending on where they fall in the country's income distribution.
"With just under a month left before Election Day, the ITEP analysis offers a comprehensive look at the combined impact on Americans of all the GOP nominee's tax proposals should he reclaim the White House and implement them. While Trump has boasted about these tax policies' money-saving potential in appeals to everyday Americans on the campaign trail — especially his broad-based #tariff proposal — ITEP researchers concluded that the projected tax changes would hit working-class Americans the hardest while disproportionately benefitting the wealthy."
#TaxTheRich #KillThePoor #PayYourFairShare #EatTheRich #Millionaires #Billionaires #CEOs #USPol #TrumpTaxPlan
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These Democrats opposed taxing #millionaires to fund schools
by Channa Steinmetz , June 13, 2025
"A proposal for an income tax surcharge on Mainers with the highest incomes, to fund public education, failed in the #Maine Senate by just one vote — and three Democratic lawmakers were among those who opposed it. This happened just one day after the bill also failed to pass in the House of Representative by two votes with six Democrats voting against it. The bill is currently being held in the Senate, as it may be reconsidered.
"The bill, #LD1098, would add a 2% surtax on individual income over $1 million and household income over $2 million. The tax would generate more than $50 million annually for education funding.
"Thursday’s final Senate vote was 17 in favor and 18 opposed. Democrats #JillDuson of Cumberland, #TeresaPierce of Cumberland, and #CraigHickman of Kennebec voted no.
"In the House, the vote was 70 in favor and 72 opposed. Democrats #AllisonHepler of Woolwich, #HollySargent of York, #ChristinMitchell of Cumberland, #DaniOHalloran of Brewer, #TiffanyRoberts of South Berwick, and #WalterGerardRunte of York all voted no.
"Currently, someone earning $1 million pays the same percentage of their income in taxes as someone earning $61,000, which advocates point out leaves tens of millions in potential revenue untapped.
"In voting against the bill, the Senators were going against popular opinion on such a tax: polling from the Maine People’s Resource Center (which is affiliated with #MainePeoplesAlliance, of which Beacon is a project) found that 81% of Maine voters support increasing taxes on income over $1 million. Supporters included 65% of Republicans and 65% of voters who identify as 'very conservative'.
"Maine Center for Economic Policy tax analyst Maura Pillsbury previously called LD 1098 a necessary step. 'The programs families rely on are under threat because our tax code asks too little of those at the top — and LD 1089 starts to fix that,' she said. 'The public is ready. The math works.'
"Maine lawmakers did pass two major tax reform bills yesterday that now head to Gov. #JanetMills, who has previously opposed similar efforts. #LD229 would restructure Maine’s income tax system by expanding from three to five brackets and adding higher rates of 7.75% and 8.95% for top earners.
"The second bill, #LD1879, raises the top #corporate tax rate to 10% on income over $3.5 million starting in 2026, with new revenue earmarked for #agricultural and economic #resilience programs. Despite initial disagreement between the chambers, the Senate ultimately reversed its stance and voted to agree with the House."
Source:
https://mainebeacon.com/these-democrats-opposed-taxing-millionaires-to-fund-schools/#MainePol #TaxTheRich #MillionaireTax #Billionaires #Millionaires #PayYourFairShare
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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."
#MainePol #TaxTheRich #Oligarchy #Education #EducationCuts #Billionaires #Millionaires #Trillionaires #NoTaxHavens #PayYourFairShare!
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Raise taxes on #Maine’s wealthy? Some of them are OK with that
An added 4% tax on incomes over $1 million and capital gains over $250,000 could generate more than $200 million in annual revenue for the state, according to estimates provided to lawmakers.
by Randy Billings, Posted March 26. 2025
Excerpt:
"Libby Delucia-Harting traveled from her home in Portland to the State House in Augusta on Wednesday with an unusual request for lawmakers." 'I want to talk about my wealth to highlight the importance of taxing people like me,' Delucia-Harting said, telling lawmakers that she inherited wealth accumulated by her great-grandfather and protected through generations by using tax loopholes.
"Delucia-Harting was among a group of wealthy residents and progressive advocates who testified in support of two bills to increase taxes on millionaires and those whose wealth earns them more wealth — a move that could generate more than $200 million a year at a time when state officials are considering budget cuts and deficits in the state’s #Medicaid program.
"Proponents say that increasing taxes on Maine’s wealthiest residents would help protect important investments in education, child care and health care, while opponents argue it would only cause wealthy residents and businesses to leave the state or not come here at all."
Read more / listen:
https://www.pressherald.com/2025/03/26/raise-taxes-on-maines-wealthy-some-of-them-are-ok-with-that/Archived version:
https://archive.md/iYhqw#USPol #MainePol #TaxTheRich #MillionaireTax #BillionaireTax #PayYourFairShare #EndTaxLoopholes
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More of this, please...!
#MillionaireTax That Inspired #Mamdani Fuels $5.7 Billion Haul in #Massachusetts
By Greg Ryan
October 21, 2025Excerpt: "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."
Archived version:
https://archive.ph/QzUYH#TaxTheRich #Billionaires #Millionaires #Trillionaires #NoTaxHavens #PayYourFairShare! #ZorhanMamdani
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Ahhhhh... This explains the latest #SouthPark episode! (And yeah, I'm not hip on everything spouted off by #techbros!) Also, it sounds like Thiel is describing #TrumpIsAFascist ! Curtailing individual freedoms? Halting innovation? Trump's doing a great job of doing that! 😱
Exclusive: #PeterThiel in talk on '#Antichrist' says he told #ElonMusk not to give #wealth to #charity
By Jeffrey Dastin
October 9, 2025"Peter Thiel, the billionaire venture capitalist and early supporter of U.S. President Donald Trump, has urged long-time associate Elon Musk to quit the #GivingPledge under which signatories leave the majority of their wealth to #charity.
"In transcripts and audio of lectures given by Thiel and shared with Reuters, Thiel in September recalled how he recently warned Musk that his wealth would go 'to #LeftWing nonprofits that will be chosen by #BillGates.'
[...]
"Thiel told the anecdote during a closed-door, four-part, eight-hour lecture series he gave during the past month in San Francisco, in which he discussed his concern that a figure he describes as an 'Antichrist' could emerge on the global stage.
"Though the German-American entrepreneur is famous as Vice President JD Vance's political benefactor and as a technology investor, betting early on Facebook and co-founding Palantir, he has recently devoted time to presenting his theological views.
"In particular, Thiel says he has grown wary that an Antichrist will emerge who will create a one-world government on the promise of something like stopping nuclear, AI or climate-induced disaster.
"That figure, who Thiel says is augured by the Christian bible, would curtail individual freedoms and halt humanity's shot at a future innovation that would avoid Armageddon, Thiel believes."
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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
10/23/2025Excerpts:
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."
#World3 #SolarPunk #PayYourFairShare #Billionaires #TaxTheRich #UltraWealthy #NoTaxHavens #SocietalChange #ShareTheWealth #SolarPunkSunday
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Starbucks CEO Brian Niccol made 6,666 times more than the median employee at his coffee chain last year
https://fortune.com/2025/07/25/starbucks-brian-niccol-salary-compensation-pay-disparity-ceo-salaries/ -
Apparently, some millionaires moved out of the state. Imagine what would happen if EVERY state (and country) TAXED THE RICH PROPORTIONALLY!
#Massachusetts - Here’s how much the new ‘#MillionairesTax’ has raised this year (it’s a lot)
The tax on the rich is bringing in more than expected and will fund transportation and education initiatives.
By Beth Treffeisen
May 21, 2024"The '#MillionairesTax,' which went into effect for the first time last year, is set to bring in billions.
"State officials announced Monday that the surtax on high earners had generated more than $1.8 billion in revenue this fiscal year, with three months left to go, according to the State House News Service.
"This means state officials could have millions of dollars to spend on transportation and education initiatives.
"Any additional money raised beyond the $1 billion already budgeted would go to a reserve account, where state policymakers can ask for one-time investments in projects or programs.
"The SHNS reported that the revenue from the tax is already $800 million more than the Legislature and Gov. #MauraHealey planned to spend in surtax revenue for all of the fiscal year 2024.
"The Department of Revenue won’t certify the official amount raised until later this year.
"However, the estimates supported claims that the surtax would generate significant revenue for the state, despite fears that it would drive out some of its wealthiest residents.
"In 2022, voters approved the ballot initiative that levies an additional 4 percent tax on annual earnings over $1 million.
" 'Opponents of the Fair Share Amendment claimed that multi-millionaires would flee Massachusetts rather than pay the new tax, and they are being proven wrong every day,' Andrew Farnitano, a spokesperson for #RaiseUpMassachusetts, the union-backed group that pushed the 2022 ballot initiative, told the Boston Globe.
" 'With this money from the #UltraRich, we can do even more to improve our public #schools and #colleges, invest in roads, bridges, and #PublicTransit, and start building an economy that works for everyone,' Farnitano said.
"But Massachusetts has struggled with residents leaving the state recently, taking their taxable income with them.
"The announcement from the latest DOR quarterly report, described during Senate proceedings, is welcome news for budget writers who had been seeing declines in tax revenues for months.
"State tax collections have lagged behind projections for most of the 2024 fiscal year, SHNS reported, even after Healey implemented spending cuts.
"According to an analysis by the Pioneer Institute, Massachusetts lost $4.3 billion in adjusted gross income in 2021, 40 percent more than the prior year. The data shows that nearly 25,200 more tax filers had moved out of the state than moved in."
#PayYourFairShare! #BillionaireTax #MillionaireTax or else #EatTheRich !
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Union jobs provide economic and class advancement over generations. That's why billionaires and their Republican minions are so desperate to kill them.
#Unions #Labor #SupportLabor #TaxObsceneWealth #PayYourFairShare #VoteBlue #WGA #UAW #UPS #SAGAFTRA #OnStrike #SupportUnions #USPol
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"No republic has ever survived this level of inequality for long and remained a republic."
- Pete Buttigieg
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Wall Street Journal: “The wealthiest have gotten richer, and control a record share of America’s wealth. New data suggest $1 trillion of wealth was created for the 19 richest American households alone in 2024.”
“That is more than the value of Switzerland’s entire economy.”
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The 1974 Sex Scandal that Drives Today’s Inequality
https://congressionalresearch.org/Inequality/SexScandal-WilburMills-Inequality.html -
Union jobs provide economic and class advancement over generations. That's why billionaires and their Republican minions are so desperate to kill them.
#Unions #Labor #LaborDay #SupportLabor #TaxObsceneWealth #PayYourFairShare #JoeBiden #HarrisWalz2024 #VoteBlue #WGA #UAW #UPS #SAGAFTRA #OnStrike #SupportUnions
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New $3m super tax is ‘stealing my children’s inheritance’ - what a load of #bullshit #ffs who has $3m + #superannuation ? #taxtherich #payyourfairshare #greed #auspol #greed #tax #costofliving
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#DemocratsDeliver #PayYourFairShare #IRS #VoteBlueForFairness #BidenHarris2024
Thanks To Democrats The IRS Has Recovered $1 Billion From Rich Tax Cheats
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Union jobs provide economic and class advancement over generations. That's why billionaires and their Republican minions are so desperate to kill them.
#Unions #Labor #SupportLabor #TaxObsceneWealth #PayYourFairShare #JoeBiden #BidenHarris2024 #VoteBlue
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#TaxTheBillionaires #PayYourFairShare #Taxes
Do billionaires have a right to exist? https://www.alternet.org/should-billionaires-exist/
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Congratulations, you survived another tax season—and paid a higher rate than top American companies
#TaxCorporations #TaxTheRich #TaxBillionaires #PayYourFairShare
https://fortune.com/2024/04/30/taxes-corporations-billionaires-america-inequality/
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He'll probably spout some kkkrap about killing jeebus, and he's a fucknig atheist! Racist, homophobic, antisemitic POS! And pay your taxes, fuckwit!
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Wanna solve the national debt? Tax the billionaires. Seriously.
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This is the time for tax, capital gain and inheritance tax reform. #TaxTheRich #ProgressiveTaxReform #PayYourFairShare
