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In reply to the discussion: Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all]Intractable
(1,596 posts)54. Why are they in CA to begin with? Because they like it there. Maybe it's the weather.
I'll bet that most billionaires won't relocate over this.
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Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all]
CoopersDad
Tuesday
OP
They are as addicted to money as any heroin addict is addicted to heroin.
travelingthrulife
20 hrs ago
#76
Is it 1 or 5%? Either way, they can afford it, just curious which is correct?
Jmb 4 Harris-Walz
Yesterday
#71
I honestly think a majority would gladly have the Kardashians (and of course, Musk) depart California...
hlthe2b
Tuesday
#11
Hey MAGA, it's not the immigrants who are ruining America! It's the billionaires!
Initech
Tuesday
#15
The state of California's economists have projected that this tax would result in a net loss of revenue
Jose Garcia
Tuesday
#17
Totally agree with you, however, our inept president would never allow it.
Jmb 4 Harris-Walz
Yesterday
#73
As far as a "direct tax" but couldn't you raise the tax rate based on income?
walkingman
17 hrs ago
#88
I see, I agree to claw back wealth would never work. They would just go offshore
walkingman
17 hrs ago
#90
Massachusetts was warned that the wealthy would flee if a wealth tax was instituted.
TheRickles
Tuesday
#42
Lol like how all the billionaires said theyll leave MA after their progreesive tax was passed?
SSJVegeta
Tuesday
#53
Why are they in CA to begin with? Because they like it there. Maybe it's the weather.
Intractable
Tuesday
#54
If they're willing to brave the threats of fire, earthquakes, floods, coastal erosion, etc., they'll leave over a
Jmb 4 Harris-Walz
Yesterday
#72
NYC Billionaires said the same thing if Zoltan Mamdani were to be elected Mayor.
no_hypocrisy
Tuesday
#57
"Right after I got here, i ordered some spaghetti with marinara and got egg noodles with ketchup"
maxrandb
Tuesday
#68
IANAEM. I am not an English Major, but "Gavin Newsom warned" has two opposite meanings.
usonian
19 hrs ago
#84