California’s Heavy Tax Increase On The Wealthy; Financial Impact On Residents | Hank Adler

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Published on 5 Jan 2021, 22:29
California is considering a wealth tax that would impose a tax increase on permanent and temporary residents that stay in the state for more than 60 days, and a 10-year lookback provision for former residents.

My guest today is Hank Adler. He is an associate professor at Chapman University.

Today he discusses the effort to impose a heavy tax increase on the wealthy and the financial impact on the state.

#FleeingCalifornia #WealthTax #California

0:00 Intro
2:00 Wealth Tax Proposal
8:35 A 10 Year Look Back Provision for Former Residents
15:46 Impacts of the Wealth Tax
17:53 Possible State Exodus

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