Los Angeles 'mansion' tax unsurprisingly backfires
California Democrats are nothing if not shortsighted, and the knock-on consequences of every new tax or regulation they put in place always manage to catch them by surprise. Case in point: Los Angeles’s “mansion” tax.
TL;DR
- California Democrats are criticized for being shortsighted.
- New taxes and regulations often have surprising consequences.
- The 'mansion' tax in Los Angeles is highlighted as an example.