The AOC Effect: California’s High Taxes Cost The San Francisco Giants Bryce Harper
By CCN.com: It looks like California tax rates, which are some of the highest in the nation, may have cost the San Francisco Giants their shot at top MLB talent Bryce Harper.
The 26-year-old professional baseball star agreed to a 13-year, $330 million deal with the Philadelphia Phillies Thursday.
A report from NBC Bay Area Sports’ Alex Pavlocic suggests there was a bidding war, and California state taxes are too high to make San Francisco competitive for Harper’s talents.
I’m told Giants made a 12-year, $310 million offer to Bryce Harper. They were willing to go higher but would have had to go well over $330 million to get it done because of California taxes.
— Alex Pavlovic (@PavlovicNBCS) February 28, 2019
It’s another tragic case of some of the nation’s best talent and resources being chased out of a community by confiscatory government tax rates.
California Taxes Stifle A Giant $330 Million Deal
Bryce Harper’s deal is the richest contract in this history of North American sports.
A $330 million business was trying to come to San Francisco, but the fiscal recklessness of the government of California deprived its residents of this lucrative enterprise.
