California inching closer to Socialism?

California Democrats want businesses to give half their tax-cut savings to state

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

In order to accomplish this, the proposition has to go to the people as an amendment to the state constitution. Should it pass, the business tax environment in California will force many companies to relocate outside of the state.  I hear that Texas is accepting California’s tax refugees.