Doesn't understand CA ends up in horrifying budget crises every recession bc it's so dependent on cap gains revenue http://sco.ca.gov/Files-EO/Comprehensive_Tax_Reform_in_California_A_Contextual_Framework_06_16.pdf …https://twitter.com/amir/status/856599535887409152 …
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Agreed, it ignores the necessity of predictable revenues for government. You cannot govern public policy by waiting for a windfall.
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Ignoring how it would drive companies out of the Bay Area. 5% is a lot, considering the taxes already levied on exits.
End of conversation
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