California considers a tax on Billionaires: Profoundly anti-Capitalist, or an Idea whose time has come ?
MAR 22, 202613 MIN
California considers a tax on Billionaires: Profoundly anti-Capitalist, or an Idea whose time has come ?
MAR 22, 202613 MIN
Description
<p>California voters may be asked to vote on a Billionaire Wealth Tax which has already seen the likes of Larry Page, Sergei Brin and Mark Zuckerberg consider relocating to Florida or Texas. Most European countries that had wealth taxes have scrapped them as they consider them hostile to innovators and entrepreneurs. So why would California consider a discredited tax strategy that even Governor Newsom has denounced ?</p>