Greer Dove’s days are packed with studying business and finance, as well as doing administrative work at college, along with caring for her eight-year-old daughter with special needs. But once a week, Dove, a single mother, makes sure to drop in at the food bank in California’s Marin County to pick up vegetables, fruit and other food. Along with the federal government’s food benefits, they keep her housing running. “We need this so we can keep functioning at a high level,” she says. “She loves fruit, so I make sure to get it,” she says of her daughter.
Dove, who is also looking for a full-time job, has worked in restaurants, event management, retail, television shows, office administration and payroll over the years. But she has been on the federal government’s Supplemental Nutritional Assistance Program (SNAP) for six years, and with the food bank, for more than three years. Before she got food benefits, Dove fed her daughter all she had and skipped meals or looked around for snacks in the offices she worked at to get her through the day.
It’s not going to work. Billionaires will simply leave California resulting in less tax revenue.
You might think so, but that’s not what happens. Also, fuck them if they won’t pay their fair share. Good riddance to the fucking ghouls.
Let’s make it happen in every state!! We got this!!!
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From https://finance.yahoo.com/news/only-6-billionaires-left-california-073000585.html
Six of California’s 214 billionaires have been widely reported to have left the state in time to avoid a proposed 5% wealth tax—but that small cohort would have collectively generated $27 billion in tax revenue, roughly a fourth of the initiative’s projected $100 billion haul.
So there’s still an expected $73 billion in tax from the remaining billionaires.
That’s $73 billion more than without that tax.
How is that not a good result?
Some will, but why would California want to keep around useless leeches that take from local services and dont contribute to society at all? California is one of the most desirable locations for the rich to live on the planet. It is propaganda produced by morons that they dont have the power to cash in on that. Believe it or not, but these taxes will make california even more economically competitive as the money is reinvested into infrastructure and human capital instead of yachts. Its insane how badly conservatives have brain washed people into thinking looting public coffers for the rich is the only way to run an economy. Very few fled New York when Mamdani was elected, and almost nobody will do shit about California taxing the rich correctly.
Since they have higher income, they pay more taxes. If they leave, that revenue will be gone. The rich do not have to flee New York, just NYC, but some will leave the state and take their businesses with them. See https://www.msn.com/en-us/money/smallbusiness/michael-goodwin-socialist-mamdani-s-tax-the-rich-war-cry-will-only-hurt-new-york/ar-AA22O4pf
Citation very much needed, because lol no they don’t. Their propaganda sure worked on you, though.
In fact they hire people to find every loophole they can so they pay as little as possible, often less than us working class stiffs pay. Absolutely less as a percentage of total, if not in absolute numbers, tho usually in absolute numbers as well.
They always threaten to, but they never actually do.
Should NYC take that chance?
Why not? All the regular people who actually pay tax will remain.
Because if they go they, they might not return.
…okay? Good riddance, then.
Do you think or even have proof that billionaires pay tax?
They rather spend the money on ways that help them avoid doing so.
If that’s the case, how would the billionaire tax be effective?
They hide their income so they don’t pay tax. This is a wealth tax. On their wealth. Like the middle class pays with their property tax.
California tax is based on income. Consequently, the more income the higher the tax.