BREAKING: Spencer Pratt has overtaken Nithya Raman in the LA Mayor winner odds
Pratt has a 27% chance of winning, ahead of Raman’s 24%, but behind Karen Bass’ 44%
The top 200 billionaires in California paid about 23% of the income tax revenues last year. It is estimated that nearly half of those billionaires have already relocated to other states due to the wealth tax being proposed, because it is retroactive to January 1, 2026.
The top 1% of income earners, around 170,000 taxpayers, account for more than 40% of the total personal income tax collections.
As the "billionaire tax" is applied to the rest of the population (the multi-millionaires), those people will also flee from California.
Anyone who can do the basic math can see the problem here. However the communists in California do not care. To them, this is about envy and equity. They prefer that everyone be poor together.
"From the bottom of my heart, thank you very much! This has been my home for 20 years..." 🥹
Anze Kopitar speaks to the @LAKings' crowd after his final regular season home game.