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Silicon Valley legend Vinod Khosla has 'no plans to leave California' amid billionaire tax uproar—but he has another idea to fix the wealth loophole
We're watching the same failure loop.

I definitely agree that it makes no sense to make people earning less than $50,000 annually file income taxes. All it does is prevent many people from taking jobs in high rent situations because they know they risk running out of money for taxes. The government at least gets some revenue from people earning between $50,000-$100,000 annually, but they still don’t get much.
Silicon Valley legend Vinod Khosla has 'no plans to leave California' amid billionaire tax uproar—but he has another idea to fix the wealth loophole We're watching the same failure loop. I definitely agree that it makes no sense to make people earning less than $50,000 annually file income taxes. All it does is prevent many people from taking jobs in high rent situations because they know they risk running out of money for taxes. The government at least gets some revenue from people earning between $50,000-$100,000 annually, but they still don’t get much.
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