Yacht tax? People buy fewer yachts - yacht builders go out of business, fewer employees paying taxes, all equaling a net loss.
Mansion tax? Fewer people buy mansions - real estate brokers, home maintenance people (who would have been fixing up those mansions for sale) all get less work, ergo fewer employees paying taxes, all equaling a net loss.
Leftists will never understand, 'cause THEY ARE STUPID!
Yeah, but they stuck it too the rich. /s
Their used to be a how about brokers selling multi million dollar homes in the LA area, I just can’t remember the name.
Now, “On this episode multi million dollar real estate agents, Steve sits at his desk, waiting for the phone to ring and refreshing his Inbox, while Suzie the owner looks over financials to decide which agents to lay off. Will this be Steve’s last day?”
All of what you posted is true.
The funny thing is, one can assume in CA most of the mansion buyers and sellers would be leftists, so if they really believed their own BS would be happy to pay the tax.
They have the nerve to call repubs "greedy".
But it’s more important how I feel.