A Boring Dystopia

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Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes (calmatters.org)

submitted 2 hours ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] mr_rusty_shackleford@lemmy.world 5 points 1 hour ago (2 children)

Feel like an outlier here, but creating a billionaire tax at the state level seems ridiculous, and would actually harm the state. It is so easy to move the money outside the jurisdiction of that state to another when you are that wealthy, so the only effective way to implement would be at the federal level. Can someone help me understand why a state level billionaire tax makes sense?

[–] Hello_there@fedia.io 6 points 1 hour ago

Somebody has to do it, and waiting for the death of the filibuster to have anything get done is a terrible idea

[–] queermunist@lemmy.ml 1 points 22 minutes ago

If it's so easy to move, why are they fighting it?