“I’m not here to pretend that it’s once and never again.”
The main author of the California asset seizure ballot measure is a Marxist Berkeley professor from France who replied“so be it“when asked about residents fleeing the tax.
And on Tuesday night he admitted it isn’t a “one-time tax” as proponents try to claim.
Wealth tax author and Berkeley professor Emmanuel Saezsaid:
“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once.
Even then, you know, maybe some of them were expecting something like this.
So it’s going to be a debate about this time, you know, a permanent wealth tax at a low rate that’s going to last for a number of years.
Maybe this debate will happen. We’ll see also whether other states or the federal government move on those wealth tax propositions.
But it is true: I’m not there to pretend that it’s once and never again.That no wealth tax will ever happen after that one. You can’t commit to that.”
It gets worse. Saez denied for months that residents would flee the tax. But after evidence of the fleeing become irrefutable, that’s when Saez said:“So be it.”
Source: Drudge Report
