Los Angeles' new wealth tax could be a model for broke blue cities across America
Fox News
The city of Los Angeles and the legislators responsible for California's financial quagmire have devised a fresh tactic within the confines of the conventional playbook.
Ted Jenkin is CEO and co-founder of Oxygen Financial.
Even Gov. Gavin Newsome couldn’t admit in his recent debate against Florida Gov. Ron DeSantis that the net migration out of California is reaching epic proportions more often than not over one word… TAXES.
The city of Los Angeles and the legislators responsible for California's financial quagmire have devised a fresh tactic within the confines of the conventional playbook. Their query: How can the affluent be subjected to further taxation? How do we squeeze more out of the top 1%? How do we penalize those that are building wealth and want to buy a more upscale home?