"Marxist Economics" is NOT "Economics". Guess who has a degree in "Economics"!
Yours must have also graduated cum laude from Boston University's College of Arts and Sciences with your econ degree!
This law has nothing to do with economics except as an exercise in the political philosophy of total control. I have no doubt that you, and the morons who did this believe it will lead to increased revenues for the government of California. Just as you probably believe that more taxes increase the economy and government revenue. Is Arthur Laffer is a shitty economist, but Paul Krugman is a great one?
You can't have a conversation about economics or politics with people who disbelieve reality, and have philosophies that don't conform to the one we share. You are starting from a position of massive ignorance and clearly believe things that are provably false. I would never even discuss economics with you, but I am always interested, as your philosophy fails and causes suffering for so many in real time, to hear your excuses as to why it is failing, like in Venezuela, or anywhere else it has EVER been tried.
Someone can try to argue with you, but I won't, because it's pointless. Your mind is already made up on a religious level. Otherwise you would not defend something so indefensible and opposed to economic liberty, which is really all "capitalism" is.