Damn right. Let the people decide and the billionaires cower like pussies.
They will just exit California before the law takes effect. California will lose its billionaires, and that would just be it. No income from them for the state. I wish the law worked retroactively.
Just like all those people left NYC when Mamdani took over and instituted Shakira law.
At least it’s made the hips honest.
I see this argument all the time but who really cares if they leave? Tear down their old mansions and build back affordable housing. Oh, they might take jobs with them. Well, the economy goes on and that product or service will still be needed. And the wealthy already export jobs to lower cost areas, so fuck 'em.
They will claim that they will, but in all the times I’ve seen where rich people claim they’re going to leave, I’ve never seen them actually leave. I’d love for you to show me some statistics showing that a significant portion of rich people leave after they claim they will. Until then, I don’t believe you. You’re just falling for that propaganda. I’m sorry to say
It makes a lot of sense to threaten to leave, and little sense to actually leave.
deleted by creator
It’s too late for them to leave; the residency date was January 1st, 2026.
Where will they go though? Will they ever come back? How dreadful the state will be without their presence 🫠
I see no downside to that.
But how are we gonna get the taxes they already don’t pay??? Why can’t you think of those poor nesting yachts?!
Even if they do “leave” they’d have to sell all assets within the state of California or they could be hit with another tax. And if they did, all the better because we want the wealth to be spread among more people.
That’s why we should just seize their assets first.
Require $50,000,0000 exit visas for billionaires.
https://en.wikipedia.org/wiki/Laffer_curve
We consistently tax below optimal revenue
Good. Lets see how much the parasites will spend on election influence.
