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Political Discussion
Reply to "California's Wealth Tax"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't get why it's a big deal. It's a onetime tax and it's likely not even half of their portfolio appreciation for one year. Assuming the supposed 10% increase year on year.[/quote] So if it successful then maybe they should tax everyone who has over a million in assets a one time tax of 5%. This is a slippery slope if it is legal to be able to get enough signatures to have a proposition appear on the ballot and then and have vote that arbitrarily a certain percentage of your money should be taken away. [/quote] That's a risk I'm willing to take. The people of California already voted decades to exempt wealthy landowners from property tax, you know. [/quote]
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