California’s Heavy Tax Increase On The Wealthy; Financial Impact On Residents | Hank Adler

California is considering a wealth tax that would impose a tax increase on permanent and temporary residents that stay in the state for more than 60 days, and a 10-year lookback provision for former residents. My guest today is Hank Adler. He is an associate professor at Chapman University. Today he discusses the effort to impose a heavy tax increase on the wealthy and the financial impact on the state. #FleeingCalifornia #WealthTax #California 0:00 Intro 2:00 Wealth Tax Proposal 8:35 A 10 Year Look Back Provision for Former Residents 15:46 Impacts of the Wealth Tax 17:53 Possible State Exodus *** To make sure you never miss a California Insider video, click here to subscribe: https://www.youtube.com/channel/UCoyd1nJFzWFENAxXYoy4TEQ?sub_confirmation=1 － © All Rights Reserved.