4 ms·
There are of course exceptions but in most cases that $30 million+ could only have been made because of the system that exists within California/USA. Paying tax
by blovescoffee 6y ago
There are of course exceptions but in most cases that $30 million+ could only have been made because of the system that exists within California/USA. Paying taxes on that $30 million is just a way to support the stability of such a system that allowed an individual to make that much money. How many people with very little wealth actually inherit a $30 million car? Probably few enough that it would be more constructive to focus on the scenario most extremely wealthy people inhabit.
- stickfigure 6y agoThis seems to be the Californian version of "American Exceptionalism". Yes, California has some great things going for it. But so does Washington and Oregon and Texas and Colorado. Relative tax rates matter, especially for people as mobile as the ultra-rich.