In California Aesop’s Golden Goose fable
May come true if 5% of Billionaire’s wealth is confiscable
California’s Service
Employees International Union–United Health Workers West Is proposing a
proposition
To levy a tax
of 5% on wealth of billionaires to replace federal funds subject to abolition
Billionaires
have opened their wallets to the proposition defeat|
And
Billionaires are already moving to friendlier tax states to some trillion
dollars of wealth deplete|
Billionaires
leaving the state will be having numerous taxpayers join the exodus
To cause an
exodus of high taxpayers along with their entrepreneurial spirit representing a
lack of intelligence
Worse if the
proposition passes and billionaires flee along with a reduction of tax revenue
The legislature
will try to restore the shortfall on the middle class or lower threshold on the
wealth tax to millions to see more high incomes adding to the exodus queue
The proposition
idea is so bad that even Newsom against it rails
Billionaires,
millionaires and middle class taxpayers hope it fails
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