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Open original source ↗California failure in leadership strikes again.
Make no mistake, the middle class will now be asked to make up for their lost tax revenue.
Complete unforced error even considering this ballot initiative. It needs to be removed. Had it been killed even a month ago, the state would be $700B of wealth richer...and paying 13.3% in income tax every year...
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I can understand the pro wealth tax side being dismissive about Sacks and Thiel's departure plans, but this is really bad. Google founders were quietly paying their 13.3% income tax, but the SEIU billionaire tax was a step too far. And what if their company changes HQs? https://t.co/31egHvDAwM
marcjoffe ↗