No. of Recommendations: 4
BTW, does anyone support the wealth tax in Cali?
No. For one, it's a rather large 4th amendment violation. Up here in WA state the democrats passed an income tax that runs directly against the state constitution. To fight the lawsuits the democrats will argue that "income" is not your property...I expect California democrats to do something very similar.
Second, it directly disincentivizes wealth creation and accumulation, which is not something I think the democrats have thought through.
