Jared Walczak on California's proposed wealth tax

It is far easier to call for a state-level wealth tax than it is to actually design an enforceable one...  Any tax that is actually effective at taxing wealth... would be equally effective at driving wealth out of state.

~ Jared Walczak, vice president with the Tax Foundation, "California Set To Pass The Nation's First Wealth Tax Targeting The Ultra Rich," ZeroHedge, August 17, 2020