Note that this vote also has to alter the state constitution to permit this kind of tax
If passed it will not be a “one-time” event, it will be a long-term disaster
If passed it will not be a “one-time” event, it will be a long-term disaster
1. Capital Gains Are Favored
2. Dividends Are Tax-Advantaged
3. Payroll Taxes Are a Non-Issue
4. “Buy, Borrow, Die” Strategy
https://www.americans.com/money/see-why-warren-buffett-pays-...
We have to not obly fix the current tax laws, but also fix the results of past tax laws (extreme concetration of wealth and power).
This amendment creates a new power that is very destructive