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Can this be legal? California Dems planning wealth tax that applies even if wealthy flee to another state

California's authoritarian Democrats have ruined that state with their high taxes, overregulation, climate change lunacy, pro-crime policies, tolerance of homelessness, and refusal to learn [.]

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FOXNEWS The Five June 4, 2024 22:30:00

take some of the assets. to me, there s got to be something you can do about it. that seems so un-american. judge jeanine: the truth is the proposal would add a 1.5% tax on californians who have a global net worth of $1 billion. and the 1% tax on californians who make $50 million or more. the proposal would make california s pay wealth taxes even if they lose the states. do you think that s constitutional? jesse: no, i don t understand it. judge jeanine: i don t understand it. it s been when you understand where they have the authority. it don t you point at me! judge jeanine: it s the violation of interstate commerce. if i move out of california, can i still vote for californian politicians? brian: good point. can i commit crimes over there?

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FOXNEWS The Five June 4, 2024 22:32:00

in the country. jessica: not great, hopefully ron desantis has a plan for that as well. so the taxes are obviously a problem and that s why texas got so many people out of california including tesla when they moved there. it will continue to happen. the wealth taxes a proposal and i doubt that gavin newsom is interested in then. he can t afford to lose any other money and kathy s been out there complaining about how the state is bleeding high net worth individuals. wants you to come home so saying that i m going to tax you 1.5% on top of all of this obviously not a compelling move. judge jeanine: the truth is california i think it was gavin newsom who was talking about paying reparations. so they will need that money for people who are leaving to pay the reparations, won t they? gillan: have not seen the person calling mike draw the connection before you. i will say on the wealth gap you

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State Revenue Options for Advancing Equity and Prosperity | Center on Budget and Policy Priorities

State Revenue Options for Advancing Equity and Prosperity | Center on Budget and Policy Priorities
cbpp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbpp.org Daily Mail and Mail on Sunday newspapers.

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Study Finds Wealth Taxes Associated With Higher Dividends, Less Long-Term Investment

/PRNewswire/ A new study published by the American Accounting Association finds wealth taxes in Europe are having an unexpected consequence: driving up.

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