California’s Prop 40 is a wealth grab
Summary
When California voters head to the polls, they won’t just be considering a new tax — they’ll be deciding whether to allow the state to confiscate wealth. What else would you call it if a state suddenly and retroactively grabs 5% of about 200 individuals’ net worth with a “one-time” tax? Proposition 40’s wealth tax
Description from Washington Examiner.
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California’s Prop 40 is a wealth grab
When California voters head to the polls, they won’t just be considering a new tax — they’ll be deciding whether to allow the state to confiscate wealth. What else would you call it if a state suddenly and retroactively grabs 5% of about 200 individuals’ net worth with a...
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