What? Again, have you read the article? If it's a California tax the money goes to California and its budget, not the federal government or the federal budget
Yes I read the article. Have you read the comment you're replaying to? It clarified exactly that point. The scale of spending in the federal budget is so large that it a state billionaire tax is meaningless. They could confiscate the entire wealth of every billionaire in the US and it wouldn't make any difference to how much tax Californians are going to need to stump up, their federal commitments are far too large for it to make a meaningful difference.
And as long as this tax is being thought of entirely as a social engineering exercise that is fine as far as it goes. I think it's stupid but hey, Californians can vote for social engineering experiments. It just isn't a serious proposal for making a difference to their lives financially vis a vis the taxes they will pay. They're on the hook for a lot of taxes.
roenxi|2 months ago
And as long as this tax is being thought of entirely as a social engineering exercise that is fine as far as it goes. I think it's stupid but hey, Californians can vote for social engineering experiments. It just isn't a serious proposal for making a difference to their lives financially vis a vis the taxes they will pay. They're on the hook for a lot of taxes.