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Political Discussion
Reply to "California's Wealth Tax"
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[quote=Anonymous]I don't think there should be so many billionaires but this seems so ludicrous. 1. People can vote to say we are taking 5% of your all your wealth in 2025? Is there a limit, can voters get enough signatures to vote for taking 10% more in 2030 of every billionaire's wealth? 2. How do you even value all of someone's assets over a billion? They are all mandated to inform the government of every last penny they have? Many billionaires have assets like art which is hard to value or non-liquid assets. [/quote]
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