> I'm sure many folks in the tech/pharma space have found themselves in that spot. plenty of mass based startups have given locales overnight windfalls. Why should the burden on the mass education system fall on their shoulders? Just increase corporates taxes. What do you have against people keeping the money they earned? > >

Very few people are making >$1M over the course of their lifetime. Startups that pay out that kind of money are extremely rare too. Even joining a FANG isn't likely to net you $1M unless you work there for decades.

> I mean hell, anyone who bought property in cambridge in the 90s or even 2000s probably have seen their property value double. just because it passes the million dollar mark doesnt mean they should suddenly owe the state more money

You don't "suddenly" owe the State more money. It's anything above a million. You still get a million bucks at the existing tax rate. If you have >$1M in housing equity, you're extremely well off and can afford a higher tax rate.