California Taxes

California is disproportionately dependent on capital agains taxes, because a lot of people here will make their money in capital games. Much of the revenue'll be collected next year, and then it's going to be trench warfare after that. I would have much more a willingness to think of this seriously if the people proposing it were open about what they were doing. If you want a tax, millionars, tax millionairs. Don't hide behind this isn't a wealth tax. It's an incremental wealth tax. Ll be just more gradually overdone.