Re:California population declines for first time in more tha...
by epistasis on Saturday May 08, 2021 @10:09AM
(#27087269)
"Wealth tax"? The people who are leaving California are not high wealth.
The best wealth tax out there, a land tax, has been prohibited in the California constitution via proposition 13, and that tax would go a long way towards eliminating the rentierism that is pushing out people with lower incomes.
The best wealth tax out there, a land tax, has been prohibited in the California constitution via proposition 13, and that tax would go a long way towards eliminating the rentierism that is pushing out people with lower incomes.