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by jboydyhacker
2013 days ago
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Aside from the problem that Wealth Taxes have been tried multiple times in many countries and failed, or the fact that enforcement would be more expensive than the revenue collected- I think most people object to the idea of taxiing people who pass through for 60 days then keep taxing them for a decade of their life to support a state doubling spending with no real improvement in infrastructure, health, education or our citizens well being. The highest taxes in the country to support what? San Francisco for exampple, has doubled it’s budget in 10 years with the population growing only 12%. The California legislature keeps passing highly creative yet extreme anti wealth measures while massively increasing spending. Can anyone say life in San Francisco has improved in the last decade? By any objective measure it's far worse. Not just for tech but for small business in particular- the regulation, taxes and cost of doing business in the state are oppressive. Yet we want to enact more policies to drive out the tax base? Brilliant. The top 1% of taxpayers supports half the budget of the state. Instead of speeding this exodus up, why not enact real reform. The state needs a revolution- a massive reset in spending from ground zero- not a bunch of new taxes that force even more companies out. |
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