David Sacks
@DavidSacks · May 12, 2023
Told ya.
David Sacks@DavidSacks· May 13, 2022We really need to save this money for a rainy day. The boom that drove these tax receipts was fueled by an inflationary asset bubble. This year won’t produce anywhere near the capital gains. What are the odds we’ll be talking about a budget shortfall next year?
Elon Musk
@elonmusk
Isn’t California required to keep some portion of excess tax receipts in a “rainy day” fund?
07:21 PM · May 12, 2023 · 911.1K views
414
193
3.1K