A democratic socialist has been slammed for pushing a wealth tax that could even apply to those who choose to leave the state. accused Bay Area assemblyman Alex Lee of trying to turn California into East under Soviet communist control with the bill, which called for the state's richest residents to face a wealth tax.The lawmaker proposed a one percent yearly tax rate on individuals with a net worth of more than $50million, and a 1.5 percent rate on Californians with a net worth of over $1billion.
Load More
Load More