California is increasingly a landed suburban gerontocracy with services financed by a small # of HNW individuals through PIT revenues.https://twitter.com/issiromem/status/885290311085285376 …
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Replying to @urbanlifesigns @kimmaicutler
I think HNW = High Net Worth and PIT = Personal Income Tax
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Replying to @mikepavone @urbanlifesigns
70% of general fund is PIT revenues. Half of PIT comes from top 1%.
1 reply 0 retweets 4 likes
I'm A-OK with highly progressive PIT however it's to make up for other horribly regressive things.
6:45 PM - 12 Jul 2017
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