Daily Signal News

It is starting to look like California may be separating people from their personal property and taxing that property through search and seizure, argues Elaine Culotti, a Daily Signal California contributor, in today’s special video commentary on the Golden State’s impending billionaire tax. “ There are 17.5 million people out of 40 million people that pay taxes in California. The top 2% or 1% or half a percent—200 guys—pay 47% of those taxes.  If you create a wealth tax on those people, they are sure to leave, and it's not because of the 5% you're trying to charge them.  People do not want to disclose their assets. They deem it unsafe, invasive, overreaching government, and unconstitutional. Taxation without representation.”