🇺🇸 Rep. Ro Khanna:
"250 Californians are worth $2.2 trillion: HALF the Californian economy.
Their wealth rose 144% in the last 3 years. If they pay a 5% tax to keep healthcare clinics open, they are still going to be worth $2.2 trillion.
They won’t be any less rich."
So you tack on a 5% wealth tax, the next guy tacks on a 10% wealth tax, then 20%, then 50%....
I don't think the the 5% is the issue, per se. It's the precedent it sets for those that want even more.
Writer: Michael