About the proposed California tax, just look what happened in Norway.
They increased the wealth tax to bring in $146 million in additional revenue in 2022, but the result was that the rich moved out of the country, which instead led to a loss of $594 million in annual tax revenue.
Net loss: $448 million.
Great work. Study the Laffer Curve.

Ro Khanna
@RoKhanna
12-27
Peter Thiel is leaving California if we pass a 1% tax on billionaires for 5 years to pay for healthcare for the working class facing steep Medicaid cuts.
I echo what FDR said with sarcasm of economic royalists when they threatened to leave, "I will miss them very much." x.com/teddyschleifer…

One of many big problems in the motherland ser...
We need to make you or @hooeem the new King or Prime Minister and get stuff back on track w haste 💪🫡


keeeek 😆😆
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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