Think about it carefully. California's wealth tax

币圈小白

03-14 12:28

Think about it carefully. California's wealth tax architect, Saez, admitted that to generate an extra $2 billion in tax revenue annually, he would rather have 80% of billionaires leave California, leading to Silicon Valley bankruptcies and a sharp decline in jobs. Meanwhile, California's annual fiscal expenditure is a staggering $325 billion, a 68% increase from 2019.

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