by Jack Hellner
Now California wants a wealth tax.
Florida, Tennessee, Texas, and many other states will gladly welcome “the rich” and everyone else who will be fleeing that state as a result.
This paragraph from Zerohedge says it all about Democrat policies in that state on budgetary items:
ACA 3 begins with six WHEREAS clauses including that California has long-term needs that are not being met by existing revenue sources; wealth inequality among state residents has increased dramatically; a tax on extreme wealth will restore fairness to California’s tax system and raise significant revenue to meet new and existing urgent needs; and, the State’s appropriations limit needs to be updated so that it also permits the state and local government to meet their basic obligations in a changing and more challenging world.