[UncleMeat]

This is a 9.9% tax on income above $1m.

If you are making more than $1m in annual income, you are rich as shit. Somebody making $1.5m paying $50,000 in state income tax is not exactly my idea of "cranking down the knobs."

Washington would only be collecting more income tax than my state (not exactly known to be a socialist hellhole by critics) when somebody is earning more than $2.3m annually.

[Bender]

How are the poor people going to see any of this? Have states started cracking down on fraud, bloat and waste? Washington specifically, have they found all the programs with bloat and kickbacks and nuked them as well as all the people involved?

[UncleMeat]

You can believe that the tax revenue will be ineffectively spent if you want.

That's unrelated to the claim that this is a wealth tax or that this is hitting anybody but extremely high earning individuals.

[ryandrake]

As a voter, I’d be ok if they just shoveled the money into a furnace. The point should be to penalize these huge incomes.