Midway through this summer, a high-quality poll found that Democrats in California were overwhelmingly in favor of the upcoming ballot measure for a one-time 5% tax on billionaire wealth.
The ratio was more than 4 to 1. But the state’s most powerful Democrats – including the governor Gavin Newsom, his near-certain successor Xavier Becerra and the Los Angeles mayor Karen Bass – have lined up with Silicon Valley billionaires who’ve raised upward of $340m to defeat the initiative.
Should be 100% on anything over 20 billion. 50% for over 10 billion, and decreasing 10% for each 10 billion under that.
That’s way too high. Should be 100% over 250 million
100% over 10 million. What can you actually do with more than 10 million?
a 737 costs more than $100 million, there are normal houses that cost more than a million because of their location, I don’t think you can even buy a decent desalination plant for as little as 10 million
I’d have to look at what the equivalent is when they taxed the shit out of millionaires back in the day, I didn’t take the time to calculate CPI and figure out what the equivalent would be to be “fair” so I just made something up that sounded close.
Billions is a lot.