Why Blue States Are Working Together to Raise Taxes on the Wealthy
1st February 2023
Cartels are groups of organizations that collude with each other to drive up prices, crush competition, and ultimately extort huge amounts of money to redistribute to the cartel members. While the word is often associated with drugs, oil-producing countries, or anti-competitive business practices, politicians from nine blue states are attempting something new in the U.S.—a tax cartel.
State legislators from California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, Oregon, and Washington announced a coordinated set of bills to hike taxes on wealthy individuals, families, and businesses. The purpose of coordinating is to try to keep these taxpayers in their respective states by making it seem like crushing taxes are inevitable wherever they move.