i think honesty concerning who is actually paying for most public services / benefits would be a healthy start
“extremely wealthy” california households currently pay 50% of the state’s total income tax. punitive “fuck rich ppl” tax increases may play well with voters, but even a fraction of our wealthiest tax payers leaving the state (inevitable) will be catastrophic.https://twitter.com/CommitToEquity/status/1291730311982780417 …
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It's already happening. By the time the state notices (tax day 2021) it'll be too late.
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Billionaire: Pays 50% tax rate California: Give us 80% Billionaire: Moves to Texas California:pic.twitter.com/ajj23i762j
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The thing about Texas is that it’s not California
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Be ready for the trans-national "anywhere with low taxes is a tax haven and an assault on other countries/states and they need to be ended" movement
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I mean...
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This is all because the state did a figurative own-goal with Prop 13. If we didn't de-facto turn property taxes into a much more limited tax on exclusively *new wealth*, we wouldn't need to have the highest state income taxes in the country.
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Ending prop 13 would mean we could probably drop both the income tax rate and the property tax rate and still fund the government at the levels desired with this new tax hike
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And they own 60% of the wealth
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