California’s wealth tax HERE! Remember this; In 1913, the income tax was passed. It was started at 1% and only on individuals making over $3,000 a year. $3,000 in 1913 would be equal to $300,000 today, and 1% would be $3,000. It was “progressive” (Communist) up to 7% for incomes up to $500,000 which today would be $50 million.

Today, income tax reaches down to people who earn much less which is also worth much less, and the tax is much higher. People who suffered envy were happy to have it pass because it wouldn’t affect them. Now the rich pay less in taxes that the lower middle class. People are stupid, and so far, there’s no law against stupidity.

Pensiamento Peligroso.