Massachusetts Teachers Demand New Wealth Tax
11th August 2025
Taxachusetts lives up to its name.
When Elizabeth Warren pushed her own wealth tax, I noted that the high starting income or wealth levels would likely be lowered with time if Congress were ever allowed to cross this constitutional Rubicon.
As taxes ALWAYS do. Income taxes were originally a trivial percentage for the income of only very rich people. Now it takes between a quarter and a have of the income of everyone with an income above the poverty level. Government always wants to spend more of your money, and they are very proficient at coming up with a fine-sounding excuse for picking your pocket. As Wm. F. Buckley once famously said, “Liberals are people who feel entirely justified reaching into your shower and adjusting the temperature of the water.” (Read the new Buckly biography. It’s an adventure.)