Right now up to 40 percent of the entire state’s tax revenue comes from the top one percent of earners – and driving them out of state might feel good in the short run but working people (as is almost always the case) will pick up the tab for this political ploy.

Stand Up for Fiscal Common Sense – Show Your Support for Cutting Waste and Closing Tax Loopholes Instead of a “Wealth Tax” That Will Drive Jobs and Businesses Out of California.

Income inequality is a very real issue and we need to address it with real solutions – like closing the massive loopholes nationally that allow the wealthiest among us to essentially never pay taxes on many capital gains (and many other loopholes). But for California to go it alone will be a disaster.

The proponents of the tax simply want higher taxes with no meaningful plans on how to spend the money we have now better, much less the billions in new taxes they want. Waste, fraud and abuse are real in the healthcare system – and throughout state government. Let’s start by doing better before we start driving entrepreneurs and innovators out of California to fund insurance fraud and other waste.

This is not about sympathy for billionaires. This is about keeping jobs, opportunity, and tax revenue in California.