The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.
The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.
And it would be perfect to convert this into a California annuity/state wealth fund that would turn it into, I estimate, some M hundred million dollars or more a year.
I think it will barely cover the cuts to, Healthcare & education that Trump made, we should do that if there is leftover funds though.