4 ms·
> the wealthy has been subsidizing more than 80% of the population CA does not tax wealth, they tax (predominately) income, and I wouldn't be so quick to equat
by DeRock 6y ago
> the wealthy has been subsidizing more than 80% of the population
CA does not tax wealth, they tax (predominately) income, and I wouldn't be so quick to equate the 2. Prop 13, for example, can mean that wealthy land owners pay almost nothing in tax if they've owned their property for a long time.
- rcpt 6y ago> Prop 13 https://www.taxfairnessproject.org/ https://www.taxfairnessproject.org/ generally the wealthier you are the bigger your tax cut.