If you’re mad about California’s feudal structure where property owners get to keep and pass on tax rates from decades ago, you should support @Schools1stCA, which phases out this system for commercial landowners.
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Can’t guarantee that there wouldn’t be wealth tax in California’s unpredictable ballot initiative system later though. Californian voters love to tax other people! (But I can’t see it happening in the conventional legislative process as it stands today.)
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Did this happen when we passed Brown’s high income tax? No need for speculation when we presumably have actual data.
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@cristobalyoung5 ran a study on it and found not really for 10+ years ago. I really do think this time is different though with widespread tools for remote work, and all the actual movement I'm seeing in my personal network.
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