At 5%, the service tax would kill small businesses that can’t pass the cost on to the consumer. Large corporations won’t be affected.
Its an anti-competitive measure. If you’re a Fortune 500 company, this tax won’t affect you. But it could put a small mom and pop business out of business for good.
So much for creating new jobs and in the end it will raise far less revenue than advertised.
I’ve lived in Kalifornia my entire 50+ years, and I’m basically counting the days until I turn 62.5 and I can retire and get the hell out of here.
As much as I love my country, it’s going to get worse and in a few more years, I’ll be leaving to retire where the cost of living is much lower and much nicer.