The moved their HQs. To avoid taxes. They didn’t close their facilities in CA, that would be suicide because the majority of their Silicon Valley talent wouldn’t move to Texas even for a decent raise. California has its problems for sure, but if it were it’s own country it’s GDP would be…9th in the world, IIRC? It’ll be just fine because a few rich libertarians moved their HQs. The companies are almost certainly incorporated in Delaware, anyhow. It’s all a stupid game.

If you think education is well funded in MA I invite you to examine the facilities in our towns. In my affluent town, my children went to elementary school in a building older than the one I attended 40 years ago. Their middle school has a room that cannot be used because there is sewage coming up from the floor.

I can’t imagine how bad schools are in these low tax states.

I for one would love to have the millionaires’ problems. And I’m reasonably well off, the majority of these new taxes won’t have a major direct benefit on my family. But it has the potential to help those less fortunate than me, which is good on its own but also helps everyone indirectly.

Also, you know that tax rates have been dropping for decades right? Like in 1955, there was a federal income top marginal tax rate of 90%.

This millionaire tax will come nowhere near balancing the scales for the privileges the rich benefit from. Maybe it’ll lessen the misery of the poorest, though. Worth a shot.