120pgs retweetledi

120pgs
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@120pgs
Writer • MPW—screenwriting • USC'08 • Love to travel • https://t.co/VWPHQKWJX0 Storyteller






It will be easily challenged in court because California’s proposed wealth tax violates California’s own state constitution, including limits on taxation, uniformity requirements, due-process protections against confiscatory taxes, and strong protections for property rights. Plus it would unconstitutionally tax unrealized paper gains—like the increased value of a house even if it’s not sold—and even illiquid assets. It would take an army of bureaucrats to figure out that value, costing more than the tax would ever collect. @elonmusk @CAgovernor








