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Posted on 03/12/2026 6:35:01 AM PDT by Diana in Wisconsin
Chuck Collins figures he won life's lottery by inheriting vast sums of money through his great-grandfather Oscar Mayer's processed meat company.
Rather than fight to protect every dime, Collins helped push to hike taxes on the ultrarich like himself.
He was successful in helping implement a higher tax in Massachusetts on income over $1 million, and the idea took hold in a handful of other blue states, including California, Maryland, Minnesota and New Jersey. Lawmakers in the state of Washington, which doesn't have an income tax, could send the governor this week a measure that would impose one on million-dollar earners.
"I think people are waking up to the harms of these inequalities," said Collins, a founding member of the group Patriotic Millionaires, which calls for higher taxes on the country's super affluent. "Including people who have wealth, who say, if we keep going down this road, it ain't going to end well for anybody."
Washington could be next to tax millionaire income
Since a state Supreme Court decision nearly a century ago shot down an income tax, Washington stood out as being one of few states controlled by Democrats without a tax on wages or salaries — though it taxes certain investment proceeds.
Facing a budget shortage, lawmakers are debating a proposal that would create a nearly 10% annual tax on personal earnings over $1 million. If adopted, the tax would collect billions of dollars of new revenue that would be designed to pay for free K-12 school meals, child care services, a family tax credit and eliminate sales taxes on personal care items such as shampoo.
The state House adopted it this week after an all-night session deliberating amendments to the proposal. Now, it goes back to the Senate, which previously passed a version.
(Excerpt) Read more at channel3000.com ...
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Not surprisingly, BLUE STATES are all for this. Keep dividing us, Socialist Democrats! You do YOU! *SPIT*
This will help pay for more learing centers.
The irony is that most of these rich people became wealthy via connections to older corporate Democrats. Now that the Socialists have taken over the party, it’s time to pay the bill. Getting my popcorn ready.
Gotta love the AP. Anyone who opposes soak the rich taxes hikes to fund useless, bureaucracy-enriching government spending is a greedy miser who is "fighting to protect every dime."
People like Chuck Collins are like remoras. Not only do they feed off of others, they want others to buy into their alleged philanthropy.
If they feel so compelled to increase the amount of funds going to those who are bent on destroying the state, write a check and be done with it. Why is it necessary to pass a law to take more from those who have worked hard for their income?
I dare CT to try it.
They know the wealthy in Fairfield County keep second homes out of state just waiting to jump if needed.
The left’s wet dream of a Socialist Amerika driving RVs up to Yellowstone where they spend their lives playing with the buffalo isn’t going to work. This can’t continue without the Commie left robbing those who work for a living of THEIR MONEY. Socialism is a parasite government. It cannot provide for its own existence. It relies on Americans to feed its mangy ass. Socialism is why Joe Pedo imported 20 million retarded, starving scumbag socialists into America.
Two words: Laffer Curve.
Collins thinks because he is now rich he gets to be the boss over everybody else.
He is a sociopath.
In general, history shows the “ultra rich” tend to end up philanthropic. Hence the multitude of charitable foundations, and the investment of large sums in various projects that benefit the public. These leftwing parasites don’t want the money, they want the control. “Soak the rich” schemes are just means to an end.
Related article from yesterday. Former Starbucks CEO Howard Schultz is moving to Florida.
https://freerepublic.com/focus/f-news/4370277/posts
Then they wonder what happened when all the “rich” simply pack up and leave their shitty states.
Yup—one gigantic improvement in the country would be the abolition of the tax exemptions for foundations.
In fact I would make their tax rate double that of corporations.
They have been a horror show for many decades.
+1000
Billionaires are already fleeing California - they’ve taken $1 trillion with them to Florida, Texas and Tennessee.
Now it’s Washington’s turn to target “the rich” - with predictable results:
“Howard Schultz, former CEO of Starbucks, has announced he and his wife, Sheri, are relocating from Washington state to Miami, Florida, after nearly five decades in Seattle....just hours after Washington’s House of Representatives passed a proposed “millionaire tax”—a 9.9% tax on annual household income over $1 million.”
The corporate office is relocating to Nashville, TN.
Yup...Howard Schultz has a foundation that pays people who work 25 hours a week @400-500,000.
They are about to discover Wriston’s law.
“Human and economic capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted.” — Walter Wriston.
Such a great idea for low tax states.
"Come locate in our state. We would love to have the additional revenue."
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