Charlie Munger says California, Connecticut have been 'stupid' for driving rich people away [MSN Money]
Comcast Corporation - Class A (CMCSA)
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Source: MSN Money
Charlie Munger says California, Connecticut have been 'stupid' for driving rich people away © Provided by CNBC LLC Charlie Munger Warr Buffett Load Error "It's be serious. Driving the rich people out is pretty dumb if you're a state or a city," Munger told CNBC's Becky Quick In Connecticut, "they've driv out all the rich people. California is doing the same thing. I know a lot of rich people who have left California," Munger added. "I think it's really stupid for a state to drive the rich people out. "They are old, they keep your hospitals busy, they don't burd your schools, police departmts or prisons. Who wouldn't want rich people?" California and Connecticut have two of the hight tax burds in the country, according to WalletHub Rectly, some lawmakers have be pushing for higher tax on the wealthy, pecially Rep. Alexandria Ocasio-Cortez, D-N.Y. Ocasio-Cortez has proposed a 70 perct marginal tax on incom over $0 million in an effort to bridge the growing wealth gap betwe the rich and
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CMCSA
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- 4/17/24 - Form 4
- 4/17/24 - Form 3
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