“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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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?
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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so you're saying the anti-democratic concentration of economic power you identified is something we should be cool with because California is so fucked? I'm not following
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ah, i understand, you’re mad that people are rich. yeah, i don’t care about that. i’m focused on what kind of tax policy would actually save the state. p.s. money isn’t supposed to be “democratic,” we’re not living in stalin’s russia.
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