Municipal ‘wealth tax’ pulled as wealthy Burlingtonians threaten to leave - WCAX

A Burlington resolution to levy an income tax on wealthy residents has been shelved.

"The resolution's author, Perri Freeman, P-Burlington City Council, believes that money should come from the city’s 12% of residents who make $125,000 a year. But a lot of people in Burlington are saying no to more taxes. Some of Burlington's wealthiest community members are not happy with a proposed new tax. "If this tax goes through, I think it’s going to be time to look elsewhere, I don’t need to live in Burlington," said T.J. Jeminson and Sean Kelly during public comments.”

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  • Patrick Finnie
    commented 2020-06-06 18:28:50 -0400
    Huh ? Magin it !
  • Mark Maloney
    commented 2020-06-03 21:22:21 -0400
    If progressive liberals understood economics, they wouldn’t be progressive liberals…the idea that one can capture cash cows and milk them accordingly doesn’t work in the real world.