Support for Taxation of the Wealthy

A recent poll of likely California voters shows that 78% would approve a 1% income tax hike on individuals earning $500,000 per year or more. This increase nets the state $2.5 billion. Well, why not 2% or 3% or more? These people can afford it, although they always claim poverty. One problem for implementation is the two thirds majority required for passage. At present there is support, but a concerted advertising campaign could reduce this. Let us hope not. These people are largely responsible for the mess in which the state, the nation and the world are. They should pay. Some claim they will make a mass exodus of the state. Let them do it. Ultimately they are not going to abandon a market of 38 million, so some of their income is available for taxation. Anyway, if a measure like this passes in California, it will start a wave across the country. Go for it.