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.

 

[Independentthinker]

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?