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Economy

“California… consider wealth tax — including for people who moved out of state”

“California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country.

Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California State Legislature that would impose an extra annual 1.5% tax on those with a “worldwide net worth” above $1 billion, starting as early as January 2024…”

https://www.foxnews.com/politics/california-democrats-consider-wealth-tax-people-moved-out-state

See the bold? This should be illegal. Also good luck enforcing laws outside of your jurisdiction California.

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