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.
  • TrackenDaKracken@lemmy.world
    0·
    4 days ago

    While this is probably bullshit, even if true, doesn’t matter. Set the damn precedent.

    Steps in the right direction are steps worth taking.