Progressive income tax systems, which include higher tax tiers for wealthy individuals, are designed to redistribute resources and strengthen local government services by ensuring that those with greater financial capacity contribute proportionally more to public funding.
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Minnesota Democrat Athena Hollins proposes a bill to create a new fifth income tax tierAdded:
Um, but I feel like I have to respond because I also wish we had taken a vote on this. We're calling this class warfare. And I'm like, don't threaten me with a good time. [laughter] This is class warfare. I also have a quote because I've heard a couple of them thrown around. It's by the French philosopher Jean [snorts] Jacqu Rouso.
When the people shall have nothing more to eat, they will eat the rich.
>> Yeah, >> that was harsh.
As I stated previously, this bill modernizes Minnesota's income tax structure and it strengthens local government. It ensures that the wealthy support the good work that is being done across the entire state of Minnesota by all our cities and all our counties.
I support this bill. I support taxing millionaires and billionaires. Thank you.
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