How Much Is It Going to Hurt, Rich Person?
I hit my best earning years in San Francisco and Dallas, two places with radically different taxation schemes. I (surprise!) prefer San Francisco. I was way too busy working and living the S.F. life to worry about "shaves a little bit off my long-term investments." My 19 years in the Bay Area, Los Angeles and San Diego may have shaved and sculpted my views on things a bit too. California collects quite a lot of taxes. Dallas - Texas altogether - collects a good deal less. I could never "feel" the difference in my income. Do you think the actually rich do?
[Someday I'll expound on how the wealthier folks get, the more strange and exotic their urge to accumulate more and more comes about. It's an evolution thing, IMHO.]
Last week's New Yorker has a nifty piece about Bernie Sanders. The statistic Bernie quoted in a London speech staggers me every time I hear it:
"Eight individuals in the world are as wealthy as 3.6 billion people, about half of humanity."
I guess that makes me a "Redistributionist." That's a really nasty word to my conservative pals.
Check out "Tax Me."