How teachers’ unions could unwittingly usher in school choice
In a surprise development, teachers' unions in eight states recently announced drives to pass legislation that would establish so-called “wealth taxes.” Working with progressive legislators in California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York, and Washington, the unions have devised what they believe are the best ways to tap, not just the incomes, but the assets of the most successful earners. Under the bill proposed in California, for example, residents with both financial and illiquid assets would be required to file yearly reports on their holdings, obligating those worth more than a certain amount to pay 1 to 1.5 percent of the total to Sacramento, even if they move out.