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It’s Time For Hawaii To Tax The Rich
We are facing an urgent test of our moral character.Tax the rich.As the economic downturn continues, that singular phrase has become more than a trendy progressive rallying cry. It’s a statement about the restructuring of our social and economic priorities, which have been upended by the pandemic.Today, our state is facing an estimated $1.4 billion budget shortfall.Congress’ recently passed $900 billion relief package will provide a short-term boost to our state’s finances but not at a level needed to stem future fiscal discomfort.The Hawaii Department of Education, for example, is...…We are facing an urgent test of our moral character.Tax the rich.As the economic downturn continues, that singular phrase has become more than a trendy progressive rallying cry. It’s a statement about the restructuring of our social and economic priorities, which have been upended by the pandemic.Today, our state is facing an estimated $1.4 billion budget shortfall.Congress’ recently passed $900 billion relief package will provide a short-term boost to our state’s finances but not at a level needed to stem future fiscal discomfort.The Hawaii Department of Education, for example, is...WW…
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