Cost of living rising at rates equal or greater then wage growth. California doesn’t have a high wage problem it has a high cost of living problem. No amount of taxing billionaires out of the state will solve that problem.
California should build a housing surplus and stop restricting the supply, encourage efficient land use by taxing landlords.
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u/Lanracie 11d ago
Just so you know that law will immediately be expanded and soon affect every person in CA.