California's Billionaire Tax May Cost More Than It Raises, Reports Find | The Daily Economy
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If a 5-percent levy chases billionaires out of Cali, the long-term income tax gap (not to mention litigation costs) will swallow any wealth-tax windfall.
  • ZapBeebz_@lemmy.world
    0·
    2 days ago

    Sounds to me like the billionaire tax just needs to be raised so it brings in enough money to turn a profit. Only logical course of action, really