Can they not do basic math? There are around 30 mil adults in California. Even if provision 18992.1 (b) is 5 mil people, that's still 25 mil people. That's 25 mil * $12,000 = $300 bil a year. The ENTIRE California state budget for 2020 is only $220 bil.
They would have to more than double the tax revenue for a state with already very high taxes.
Now, assuming the most generous interpretation of their 10% VAT proposal... which means a 10% VAT on things like rent, transportation, etc. CA has around 11.5mil households with apx $40k/household of spending, which yields $460bil @ 10% => $46bil in additional tax revenue.
They would have to more than double the tax revenue for a state with already very high taxes.
Now, assuming the most generous interpretation of their 10% VAT proposal... which means a 10% VAT on things like rent, transportation, etc. CA has around 11.5mil households with apx $40k/household of spending, which yields $460bil @ 10% => $46bil in additional tax revenue.
This won't work. It's just meaningless hot hair.