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New York Post
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Source: New York Post
1 DayNew York Post
Source: New York Post
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Jon Hartley says more than 100 economists from both parties oppose California’s Proposition 40, arguing wealth taxes are difficult to administer, may be legally vulnerable because they would apply retroactively, and could prompt investment and entrepreneurs to leave the state. He warns that any short-term revenue could be outweighed by lasting economic costs; Gov. Gavin Newsom also opposes the measure and supports Proposition 42, which would cancel it and bar future wealth taxes.
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