It's not true. But I do think things are changing and I think we need to be mindful, particularly in this state where I think it's something like Two thirds of our tax revenue comes from the top 1% of our wealth earners. We are very, very high end right now. And I realize that a lot of folks want progressive tax policy. California already has a very progressive tax structure. (33:24–33:30)
CLAIM
Asserts that two-thirds of California's tax revenue comes from the top 1% of wealth earners.
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