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#millionaires

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Public
DoomsdaysCW

#Mainers call on legislature to fund #education and more by raising taxes on #wealthy

by Channa Steinmetz, March 27, 2025

"As the #Trump Administration continues its efforts to fund huge #billionaire tax cuts by raising the cost of living and making it harder for Americans to access health care, housing, food assistance and education, Mainers, including some with very high incomes, are calling for the state’s wealthiest residents to pay what they truly owe our state.

"#LD1089, 'An Act to Permanently Fund 55 Percent of the State’s Share of Education by Establishing a Tax on Incomes of More than $1,000,000,' would add a 4% income tax surcharge on the fewer than 1% of Mainers whose incomes are above $1 million to fund Maine’s public schools. Currently, #millionaires pay the same percentage of their income in taxes as someone who makes $61,000 – leaving more than $100 million a year (the amount this tax would raise) on the table.

"Bill sponsor Rep. Cheryl Golek (D-Harpswell) said that while the bill would benefit many Mainers, 'adding a modest surcharge has no impact on millionaires.'

"#LD1047, 'An Act to Impose an Additional Tax on Certain Unearned Income', adds a 4% surcharge on capital gains above $250,000 for an individual or $500,000 for a couple filing jointly.

"Since #InvestmentIncome is often taxed at a lower rate than wages, and people with more wealth tend to get more of their income from investments (such as stocks or real estate), this bill helps to address the disparity in tax rates between people with more and less wealth. It would affect only the wealthiest investors, not middle-class families selling homes or withdrawing retirement savings, while raising over $100 million to support #schools, #infrastructure, and community services, said bill sponsor Rep. Grayson Lookner (D-Portland).

"Lucas St. Clair, an immensely wealthy Falmouth resident best known for his work on the Katahdin Woods and Waters National Monument, testified in favor of both bills. He said that people with money, like his family, should pay more in taxes: 'We care about the future of this state. The inequitable tax structure of today…undermines the overall health of our communities. The wealthy should pay our fair share in taxes. Period.' He also spoke about the results of fairer tax policies: 'Fair tax policies allow more money to stay in communities, ensuring greater investment in public schools, infrastructure, and services like child care and health care.'

"Gorham child care provider Charlotte Jacobs of Scarborough testified in person in favor of both tax bills, saying that Maine’s continued failure to fully fund universal Pre-K and other essential services is a direct consequence of an unbalanced tax system."

Read more:
mainebeacon.com/mainers-call-o
#MainePol #TaxTheRich #USPol #Education #EducationCuts

Maine Beacon - A project of the Maine People's Alliance · Mainers call on legislature to fund education and more by raising taxes on wealthy - Maine BeaconAs the Trump Administration continues its efforts to fund huge billionaire tax cuts by raising the cost of living and making it harder for Americans to access health care, housing, food assistance and education, Mainers, including some with very high incomes, are calling for the state’s wealthiest residents to pay what they truly owe our
Public
DoomsdaysCW

Other states threatened by #Trump and #DOGE should consider the same!

Tax on Maine #millionaires heard in committee

By Keenan Mills
Published: Mar. 26, 2025 at 4:24 PM EDT|Updated: 22 hours ago

AUGUSTA, Maine (WABI) - "Public hearings on two bills that would raise taxes for high-income households were held in Augusta today. One bill would add a four percent surcharge on Mainers who have a yearly income of one million dollars or more.

"This money would be used to guarantee the 55 percent of the state’s share of education funding which currently is built into the biennial budget, but there are questions surrounding potential cuts.

"According to supporters, all Maine people currently making more than 61-thousand dollars share the same taxes.

"No Republicans were listed as sponsors of the bill. They’re concerned about increasing taxes on those who make more money."

wabi.tv/2025/03/26/tax-maine-m
#TaxTheRich #MainePol #Education #USPol

WABI · Tax on Maine millionaires heard in committeeBy Keenan Mills
Public
Nick's world 🌎 👨‍🦯

I've met both millionaires and 1 billionaire and they're nothing like what you'd see on the media. In my view, they are just like other people who just so happen to have a lot in assets, not in actual cash, but most people don't really understand how that works. These people I met have helped others in so many ways, yet they keep that stuff secret because its their way. They don't want the publicity. Sure, in any group, there are those who will use their powers for purposes that aren't helpful, but just like any other group, the vast majority do want to actually be a source of good for the world, its just hidden in plain sight. Hell, the only reason i knew one is a billionaire is because my dad told me, I never would have guessed, he didn't have a porsche or anything like that, the only thing I saw that was luxury was his own personal driver, but that's it. Super humble fellow, he was. Let's try and actually understand each other instead of blaming those who have powers, because you don't know it, but there are those who are extremely good people, and no, your communist idealism won't help. #RichPeople, #Millionaires, #Billionaires, #Wealth, #Charity

Public *
Miguel Afonso Caetano

Portugal é um país tão, mas tão socialista que até os milionários têm medo de meter cá os pés com pavor dos impostos que vão pagar. Espera... Querem ver que afinal este país é o nono em todo o mundo que mais atrai milionários? E o preço das casas e dos bens alimentares? O tuga é que paga a conta, claro...!

"The United Arab Emirates (UAE) is the world’s leading wealth magnet, with inflows from the U.K. and Europe contributing to a record-breaking 6,700 HNWIs immigrating there in 2024, in many cases attracted to the UAE’s thriving luxury real estate market, appealing tax incentives, golden visas offering residency in exchange for investment, and lifestyle options that cater exclusively to the wealthy.

A steady and surefire number two, the U.S. welcomed an additional 3,800 millionaires in 2024, and Singapore came in third with a net inflow of 3,500. Following were Canada (3,200), Australia (2,500), Italy (2,200), Switzerland (1,500), Greece (1,200), Portugal (800) and Japan (400), as reported by Henley & Partners."

luxuryoutlook.com/2025-luxury-

www.luxuryoutlook.comMigrating Wealth - 2025 Luxury Outlook Report
#Portugal#Millionaires#Inequality
Public
Al

"...There are only
800 #billionaires in this country,
6,000,000 #millionaires and
160,000,000 of you reading this right now who are living from paycheck to paycheck and literally cannot afford the rent. ..."
michaelmoore.com/p/a-manifesto

I first heard Bill Mckibben say, "they are few and we are many"

It will be another 2 yrs before we have a chance to reduce the problems caused by the last election. Lets stay focused on the problem.

#healthcare #education
#democracy is more than voting!

Michael Moore · A Manifesto Against For-Profit Health Insurance Companies — by Michael MooreBy Michael Moore
Replied in thread
Public
antipode77

@davidgerard

Governments should STOP handing public spaces to PRIVATE parties for extracting PROFIT.

A well maintained commons is of benefit to everybody. Not just the 1% or #Billionaires , #Millionaires.

Space is a commons.
Ocean is a commons.
Ecosphere is a commons.

Abuse of the commons is a form of lawlessness.

Each generation is only a temporary owner, passing ownership to the next generation to be used in a meaningful way.

Public
notes

"Elites are reportedly ramping up security in the aftermath of the shooting of #UnitedHealthcare’s CEO. They’re especially fearful of copycats following widespread praise for #LuigiMangione online. In this video we’ll discuss 'fear in the C-Suite' and talk about why American anger is at an all-time high." youtu.be/UiW-LD50xD8 #HealthCare #MedicaidForAll #HealthInsurance #Millionaires #Billionaires

YouTubeElites are TERRIFIED at the Support for Luigi MangioneBy The Humanist Report
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