Got > $10 million in Minnesota?

[Axtremus]

https://www.house.mn.gov/sessiondaily/Story/19051

House lawmakers weigh proposed 'wealth tax' on assets over $10 million
...

The proposal basically is to levy an annual 1% tax on "taxable wealth" above $10 million, where "taxable wealth" is calculated the same method as that calculated for federal estate tax.

[jon-nyc]

Something like 8 states are pushing this.

Soon I’ll be officially politically homeless.

[Andrea B]

https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025/

[Mik]

I don’t think it can stand. There’s a justification for property taxes as properties use and require government services. One cannot say the same for wealth.

[taiwan_girl]

I agree. Seems like it is a bad idea.

I doubt that anybodies parents told them that "I hope you grow up to be poor."

[Axtremus]

@Mik said:

There’s a justification for property taxes as properties use and require government services. One cannot say the same for wealth.

Nor income, yet we have broadly accepted “income tax.”