Los Angeles Wealth tax backfires, Luxury Home Sales crater 70% since implementation

[ColonelAngus]

It seems incredibly obvious this was going to be the result.

The wealthy get wealthy by being smart and avoiding taxes as much as they can.

Now LA is chasing away their tax base. France tried this, AND IT WAS AN EPIC FAILURE.

 

[Oddball]

 

[Toddsterpatriot]

It seems incredibly obvious this was going to be the result.

The wealthy get wealthy by being smart and avoiding taxes as much as they can.

Now LA is chasing away their tax base. France tried this, AND IT WAS AN EPIC FAILURE.

Liberals are the absolute worst when it comes to understanding incentives.

 

[Independent thinker]

It seems incredibly obvious this was going to be the result.

The wealthy get wealthy by being smart and avoiding taxes as much as they can.

Now LA is chasing away their tax base. France tried this, AND IT WAS AN EPIC FAILURE.

Who could have predicted that?

 

[KissMy]

Trump's book he published in 2000 called The America We Deserve. In his book Trump proposed a 14.25% wealth tax on individuals and trusts valued at more than $10 million.[4] The book also supports a universal health care system.[5]

 

[Toddsterpatriot]

Trump's book he published in 2000 called The America We Deserve. In his book Trump proposed a 14.25% wealth tax on individuals and trusts valued at more than $10 million.[4] The book also supports a universal health care system.[5]

You'll be voting for him now.

 

[KissMy]

You'll be voting for him now.

Trump abandoned those plans last time & flipped to cutting taxes on those wealthy. He is a known criminal liar, deficit exploding mass money printer, making him the worst politician.

 

[Toddsterpatriot]

Trump abandoned those plans last time & flipped to cutting taxes on those wealthy. He is a known criminal liar, deficit exploding mass money printer, making him the worst politician.

Darn......