From WSJopinion: Democrats finally have a strategy to stop billionaires from fleeing high tax states. Block the escape routes.
Wonder Land: Some 50 years ago, Congress voted to insulate itself from external discipline, creating what one critic called 'congressional government.' Today it's up to House Republicans to remedy the 'chaos.' Images: AFP/Bettman via Getty Images Composite: Mark KellyDemocrats finally have a strategy to stop billionaires from fleeing high tax states: Block the escape routes. That’s the logic behind coordinated moves in progressive states to tax wealth.
The confiscatory tax alliance emerged late last week when lawmakers from eight states unveiled plans to target wealthy residents. California, New York, Illinois, Maryland, Hawaii, Minnesota, Connecticut and Washington state are all represented, and several of the sponsors have already released bills. “We are here today to put billionaires and multimillionaires on notice,” said Washington state Sen. Noel Frame on a Zoom call. “They will pay what they owe.
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