A side effect of the very politically popular idea of taxing the rich more and more: the fate of your government programs becomes more and more structurally dependent on the volatile fortunes of an ultra-small group of ultra-rich people.https://twitter.com/ChrisMegerian/status/1043850488750452736 …
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Fair enough - was responding from the perspective of national tax policy (which if there is research out there that debunks it, feel free to share). From a. California perspective I agree - much smaller base so the group is less dynamic
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