nytimes.com
www.nytimes.com

The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.

  • pinball_wizard@lemmy.zip
    5·
    3 days ago

    The one time revenue is 100 times bigger, even if you tweak N & M, your looking at 30ish years before the total revenue is less.

    Yes. Plus, the billionaires will be back after other states get a taste and do the same.

    Or maybe the parasites hide out in Wyoming or something, in which case, probably a net win all around. Wyoming gets a massive income tax bump, and everyone else gets to be rid of the parasites.