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On a related topic, there has been a Conspiracy of Silence from Sacramento, and local governments, on tax collections to date. Meanwhile they have kept right on spending as if it were still good times.
The proposed "Wealth Tax" on folks with > $30 million in assets will result in reduced tax collections. Those are the most mobile people. They will leave. Then, not only will they not collect the wealth tax, but they will also lose the already-high-other-taxes they were collecting.
B.A.C.A.H. saysThe proposed "Wealth Tax" on folks with > $30 million in assets will result in reduced tax collections. Those are the most mobile people. They will leave. Then, not only will they not collect the wealth tax, but they will also lose the already-high-other-taxes they were collecting.
Exactly what already happened in NJ.
Make California Mexico again!
Not actually advocating that, but it is happening right before our eyes.
BayArea saysCa exodus is a farce.
Sure people are leaving. But plenty are coming
Huh?
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