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On 2026-04-27 Joshua Rauh cites the CA wealth-tax architects' book asserting 'why…
Brief
Joshua Rauh quotes the architects of the California wealth-tax in a 2026-04-27 post to show they explicitly endorse 'destroying part of the tax base' (p.155) and taxing top incomes to reduce ultra-wealthy incomes rather than to fund programs (p.159). Rauh reiterates his view the proposal harms state revenue and the economy but is driven by 'social justice.'
Why it matters
On 2026-04-27 Joshua Rauh cites the CA wealth-tax architects' book asserting 'why destroying part of the tax base can be in the interest of the community' (p.155) and that 'high tax rates on the very highest incomes ... are not aimed at funding government programs in the long run. They are aimed at reducing the income of the ultra-wealthy.' (p.159).
Key details
- Rauh says he has criticized the California wealth-tax proposal as net negative for state revenues and the state's economy, and argues the initiative's framers prioritize 'social justice'—reducing the ultra-wealthy’s income—over revenue or economic impacts.