Minneapolis has tragically become a Midwest hub for woke social policies and soak-the-rich fiscal scams. The city has, drip by drip, lost 100,000 of its peak 520,000 residents since the 1950s.

Now the city is again running out of money and the latest ingenious scheme by the City Council on a 10-0 vote is to “study” a city income tax on the wealthiest residents to redistribute income. The state of Minnesota already has a high income tax.

Council Member Aurin Chowdhury explained the logic: “We need wealth distribution in our country and our federal government is simply not going to provide for that. It’s time that our City Council speak with deep, deep clarity.”

Good luck with that.  It’s rare for cities to impose income taxes, but the evidence shows that cities that do are losing people and capital at a rapid pace.

Income taxes are a recipe for urban decline.

Council Vice President Aisha Chughtai defends the new policy by saying: “Taxing the rich I don’t think is a controversial opinion in Minneapolis.”

Except that there won’t be too many rich left in the city to tax.