this post was submitted on 14 Aug 2023
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Students in Massachusetts will get free lunch and breakfast at school thanks to a new 4% tax put on people who earn more than $1 million.

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[–] FireTower@lemmy.world 7 points 1 year ago (5 children)

I was curious about the budgeting implications because enacting a increase to revenue doesn't necessarily mean increased spending would be covered. For any one to lazy to go off site, but also interested:

"$1 billion of the state's record $56.2 billion fiscal budget for 2024 came from the state's new 4% tax on millionaires."

"State lawmakers agreed to put $523 million of revenue from the new tax toward education and put $477 million aside for transportation."

Didn't find the cost there but on one of their sources:

"A portion of that money will go toward the $172 million needed to provide free school meals, the State House News Service reported."

[–] DessertStorms@kbin.social 1 points 1 year ago* (last edited 1 year ago) (4 children)

So out of a billion extra dollars, they didn't even spend 20% on the kids (it's too early for me to do the calculation out of the total budget, but it'd be pitiful).
Which is great, but using them as a headline all things considered seems manipulative and like they're burying the lead.

Good for the kids, don't get me wrong, but somewhere along the way a lot more of that money has been spent on other things, and most likely is lining the pockets of the already rich and powerful.

So yeah, it's a great example of what a tiny hike in taxing the rich can do, but it not only doesn't come close to being enough, it also feels like another scam where good publicity hides a whole manner of sins going on behind the scenes.

[–] jatone@reddthat.com 1 points 1 year ago

why spend more on something than you need to? plenty of others besides kids who could use the services the additional money will pay for.

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