Progressive states revive push to tax the rich as wealth disparity deepens across the US
PROVIDENCE, R.I. (AP) — Chuck Collins figures he won life’s lottery by inheriting vast sums of money through his great-grandfather Oscar Mayer’s processed meat company, but rather than fight to protect every dime Collins has 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 has already taken hold in a handful of other blue states, including California, Maryland, Minnesota and New Jersey.