Quote from: BobLawblaw on Today at 02:31:21 PM

Quote from: Biodom on Today at 12:49:39 AM

Learn your history, pal.
https://www.baltimoresun.com/news/bs-xpm-1993-08-11-1993223042-story.html
https://www.latimes.com/archives/la-xpm-1994-06-14-mn-3963-story.html

I've been thinking on your post all night, in fact.

It's really bothered me.

Then I had a "Eureka!" moment realizing it's only Democrats that pull off bullshit like that.

It makes sense in that context, seeing as how the left is increasingly attempting to shift towards socialism.

Well, Clinton admin introduced it, but ALL republicans (including Scalia) on the SC voted to upheld, so it is a bit more complicated.
I am just a messenger here, so i hope you are not mixing up my post and my opinion.
I personally think that 43%+state % (could be 56% in cali) is borderline confiscation for long term investments.
Who will make investments in this case? Equaling long term investment with salary (income) is not right, imho.
My original point was that people will start borrowing more against their stash and selling less.
To those who thinks that $1mil is a lot. It sounds like lot, but in US it is a fraction of a house cost in high cot of living area, you cannot retire in most places with just 1mil, etc, etc.
In US your income is high, but costs are very high as well, hence $1 mil is surprisingly smaller amount of money that you might imagine otherwise.
In addition, tax is proposed to be coming now and improvements later, but so far I personally haven't seen ANY improvements in government/state services here in the last, say, 30 years, give or take. They will spend the money as they will see fit.