Mark Cuban predicts California could lose 200,000 jobs per year as a result of the proposed 5% billionaire tax.
“Could you lose if the average job pays a $100,000 before benefits, right, could you lose 200,000 jobs a year? The answer is yes.”
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Our resolution criterion
disputableCalifornia experiences a net loss of 200,000 jobs in a single year following implementation of the 5% billionaire tax, measured by official employment statistics.
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Mark Cuban predicts California's proposed 5% billionaire tax will cause companies and wealthy individuals to relocate, ultimately costing the state more in lost tax revenue and economic activity.
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