Heard the same shit about with mamdani in nyc. Dont belive the elite class propaganda.
Or do believe them and let them go. They don’t provide value. The extract it.
In fact, get a legally enforceable commitment to leave before the vote. Put a date on it.
1% of the estimated value of their assets assessed as a fine per day past the date, increasing a percent each day.
Especially when for a lot of them their value is tied up in ownership of land. If the land they own is in California… They can’t take those assets with them.
Came here to say this.
Just let them leave if they really wanna. But where are they going to go, really?
The billionaire and centimilliionaire class should be getting on the ground and kiss the ground in thankfulness for what this country - and specifically, certain states - have done for them.
These ungrateful pieces of shit cannot ever have enough though, apparently.
Riiiight… like Zuck is just gonna give up and sell all the land he’s buying in Palo Alto with all the money in the compound he’s building.
They said the same in Massachusetts and then didn’t https://www.wonkette.com/p/massachusettss-millionaire-tax-still
And NYC
Same for New Jersey.
Oh no! The people who hoard all the money and don’t pay taxes might leave?
No they won’t. 😂
They won’t. They won’t pay to completely recreate things like Silicon Valley and Hollywood elsewhere.
Just like they’re not leaving New York despite saying they would. All the Finance infrastructure is there, they won’t recreate it from scratch elsewhere.
And even if they did, if the global workforce protested and demand governments tax billionaires extremely heavily, then they’ll have nowhere to go, and will have to pay their fair share of taxes.
How would that be bad?
“LET US COLLECT MORE MONEY THAN ANYONE WOULD EVER NEED OR WE’LL LEAVE!”
Good
Absolute win.
Win/Win?
The moves are being driven by a potential California ballot measure from the health care union, Service Employees International Union-United Healthcare Workers West, the people said. The proposal calls for California residents worth more than $1 billion to be taxed the equivalent of 5 percent of their assets. If the measure gains enough signatures to reach the state ballot in November and wins approval, it would retroactively apply to anyone who lived in California as of Jan. 1, 2026. Those with $20 billion in assets who resided in the state on that date would face a one-time tax of $1 billion and have five years to pay it, according to the terms of the measure. Whether the proposal will reach California’s ballot is far from certain, but some billionaires may be unwilling to take the risk. For Mr. Page, whose net worth is estimated at around $258 billion, the measure could result in a one-time tax of more than $12 billion. The tax bill for Mr. Thiel, whose net worth is around $27.5 billion, could be more than $1.2 billion. Representatives for Mr. Page and Mr. Thiel did not respond to requests for comment.
This is just pure greed and hatred for the people who made them.
And go where? Your wealth is tied to a physical location.
