The poorest billionaire in California will make about $300 million this year. If we pass the CA wealth tax, he will only make $235 million. In exchange, millions of the poorest Californians will get health insurance. That’s the tradeoff billionaires are not willing to make.
anyone who makes 300 million dollars a year, and cries about it being reduced to 200 million, so the peasantry can be better off and work their jobs with less called time off is due to illness and situation, honestly, is someone who deserves to have all their assets seized and put to public use, and the offender left in nothing but their underwear in the middle of the arctic tundra.
Reduced to $65 million, but your point still stands. $65m is still an extravagant amount of income.
No, reduced by $65m, to $235m.
Need to be able to 5150 these psychopaths. This level of greed is a mental illness.
Its carved in stone proof of the dissolution of hte social contract.
Companies and business owners used to take care of you, because they were incentivized to do so thanks to massive taxes on wealth. So the rich would take care of their workers, invest in the social good (libraries, hospitals, etc), and put that money to use, to avoid the taxes on it.
But then the right came along with their idea of
pissing on everyone“trickle down economics”, and got rid of the high taxes on the wealthy, and the wealthy puckered up tighter than a snare drum and the flow of money downward stopped, and they all became dragons siting on vast hordes doing nothing of importance.