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Economy

“California Businesses Take On Gavin Newsom Over Tax Hikes”

“A coalition of California companies is going to war with Gov. Gavin Newsom and his Democratic allies over taxes it says have grown out of control in the Golden State.

The businesses have gathered enough signatures to put a measure on November’s ballot that would require two-thirds of voters to approve most local tax increases and roll back some recently enacted ones. If passed, it would be one of the most significant changes to the way California funds its government since 1978’s Proposition 13, a voter-approved law that severely limited property tax increases…”

https://www.wsj.com/us-news/california-business-taxes-governor-newsom-e24f80ce

It’s amazing. California votes for socialism/communism and everyone is shocked when they see the results. Keep screaming “tax the rich more.” Well now they’re being taxed. In the past America went to war over a 3% tax. To quote John Marshall: “The power to tax is the power to destroy.”

Learn history or be doomed to repeat it.

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