They're taking their income taxes with them. That's why any country that has tried any such wealth tax has actually repealed it, because it's had the opposite of the intended effect. I've introduced the Keep Jobs in California act to preempt the most blatantly unconstitutional provision of this measure, the one that would tax former residents. My measure simply says that a state cannot seize the assets of former residents. This is a straightforward proposition. (15:59–16:10)
CLAIM
Asserts that Kevin Kiley introduced legislation to prevent taxing former California residents under the proposed wealth tax.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
