Report saying Massachusetts has taken on more new millionaires is misleading at best.

Report saying Massachusetts has taken on more new millionaires is misleading at best.

As of late, the media has latched onto a report from the progressive think tank, IPS (Institute for Policy Studies). This report claims that Massachusetts has increased its number of millionaires since passing its controversial “millionaire tax”, otherwise known as the fair-share amendment.  This claim is actually quite impressive. It managed to hit three logical fallacies at once (Post hoc, correlation-causation, and cherry picking, if you must…