“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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Replying to @jeffbercovici
how on earth does “1% of population paying 50% of taxes” strike you as “not being taxed”
1 reply 0 retweets 13 likes -
Replying to @micsolana
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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Replying to @jeffbercovici
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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Replying to @micsolana
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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Replying to @jeffbercovici
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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Replying to @micsolana
what's a "fair share" to pay is a subjective question. whether a few unelected people should have effective veto power for a state of 40 million people, as you describe, is a little easier to answer, if you believe in popular government. So how do you prevent that?
2 replies 0 retweets 1 like
Mike Solana Retweeted Sam D'Amico
literally the tax policy you are defending is the reason this dynamic existshttps://twitter.com/sdamico/status/1291817373540839424?s=21 …
Mike Solana added,
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Replying to @micsolana
as someone who despises Prop 13 and its effects, it's a surprise to me to learn I was defending Prop 13
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Replying to @jeffbercovici @micsolana
@jeffbercovici “unelected people”—what are you talking about?? These billionaires have money because people voted with their money in real-time, as they offer products and services that make people’s lives better. It was a voluntary exchange.0 replies 0 retweets 2 likes
End of conversation
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