“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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Too Rich To Tax
how on earth does “1% of population paying 50% of taxes” strike you as “not being taxed”
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how does it not strike you as an argument for redistribution when a small number of taxpayers can hold a state of 40 million people hostage by threatening to move?
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you understand not every state in the union, all of which have *lower* income tax rates than CA, are about to go bankrupt, yes?
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