“it wasn’t written clearly enough, if the billionaires relocated their money outside of the reach of the California government they’ll be forced to fill in the excess by taking from the retirement accounts of less wealthy people, we will just need to agree to cancel each other’s votes on this issue” my mother in law.
My concern is with 42 passing will we be able to change tax code at all going forward? That proposition seems sinister and further reaching than 40 would’ve been had it passed
“it wasn’t written clearly enough, if the billionaires relocated their money outside of the reach of the California government they’ll be forced to fill in the excess by taking from the retirement accounts of less wealthy people, we will just need to agree to cancel each other’s votes on this issue” my mother in law.
My concern is with 42 passing will we be able to change tax code at all going forward? That proposition seems sinister and further reaching than 40 would’ve been had it passed
To respond to your mother in law: Either way the billionaires are paying nothing in taxes and the healthcare system still has to be funded somehow.
Also the other comments I saw a lot of “it’s never a one time tax and it’ll trickle down to everyone”