Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The mobility of millionaires is heavily underestimated by leftists.
Income tax on a million is $50K add the millionaire tax of $30K you now pay $80K. Once you leave the state loses $50K every year that they would have otherwise had. I’m curious if it’s a constitutional amendment and it’s on the ballot as only applicable to income over $1M can they then change it to income of $500K. I’m assuming they’re using this advisory referendum as an advertisement for the “Millionaire Tax” but when we actually vote on it they’ll still call it the Millionaire Tax but the wording will be different so they can apply it to… Read more »
Tax the Millionaires heavy and you will get the money once. After that they will live somewhere else and you will never get any more money.