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The Mouth

(3,416 posts)

61. I didn't quote, or refer to the Laffer curve, that was someone else

Thu Jan 8, 2026, 07:51 PM

Jan 2026

My entire point:
Kill the goose that lays the golden eggs. In other words if Sacramento taxes wealth (instead of concentrating on how to tax deferred income via the usual tricks CEO's use) the people they want to harvest money from will just move. I would if I had multiple millions. Not matter how nice California is, living here isn't worth 10 percent, or even 1 percent of my entire wealth every year.

There are things that would be equitable and effective in fiscal policy; taxing WEALTH of billionaires will simply result in less money.

If someone can't see the difference between that, and the back of a napkin theory that by lowering tax rates and a handwave we get more tax money, then that's their problem.

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Abolishinist

61 replies

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Highlight:

Google co-founder leaves California amid billionaire wealth tax [View all] BumRushDaShow Jan 2026 OP

Na na na na hey hey goodbye! Ritabert Jan 2026 #1

Well sheshe2 Jan 2026 #2

All of the privileges of living in the US which helped him get so rich. Irish_Dem Jan 2026 #3

This won't affect his federal taxes, only his state taxes Jose Garcia Jan 2026 #13

ha. he probably doesn't pay federal taxes. Irish_Dem Jan 2026 #15

Probably gets DiverDave Jan 2026 #56

Yep subsidies from the US taxpayer. Irish_Dem Jan 2026 #57

"It worked!" say Californians as they high-five eachother. Scrivener7 Jan 2026 #4

Now Deleware should implement a billionaire tax. Good riddance, asshole. kysrsoze Jan 2026 #5

Deleware should charge a wealth tax Puppyjive Jan 2026 #6

Unlikely Deep State Witch Jan 2026 #16

Corporate law is one of the major things that needs to be re-done if the US is ever BComplex Jan 2026 #28

We money spending consumers bake the economic cookies, the rich eat most of them and leave us the crumbs. nt Exp Jan 2026 #7

A wealth tax to fund healthcare Bayard Jan 2026 #8

They should charge him a leaving tax Mr. Sparkle Jan 2026 #9

LOL!! Brilliant!! BComplex Jan 2026 #29

It's a double edged sword The Grand Illuminist Jan 2026 #10

It's been working out well in Massachusetts, which actually has more millionaires now TheRickles Jan 2026 #22

Totally different, not the same at all. Abolishinist Jan 2026 #50

True, but they're both aiming for the same redistributive goals, though via different means. TheRickles Jan 2026 #55

Regadless of when he left, if the wealth tax is approved he will have to pay because it is retroactive to 1/1/25 and in2herbs Jan 2026 #11

The Constitution specifically prohibits states from passing retroactive laws Jose Garcia Jan 2026 #14

With regards to criminal laws, yes, but not with regards to civil laws. See below: in2herbs Jan 2026 #33

Good riddance. Martin68 Jan 2026 #12

Killing the goose that lays the golden eggs The Mouth Jan 2026 #17

Check the tax rates under Reagan Easterncedar Jan 2026 #19

The problem is that the rich can just up and move The Mouth Jan 2026 #47

That makes corporations sound like they are necessarily benefitting their State in kind. BComplex Jan 2026 #30

The Laffer Curve was debunked long ago DBoon Jan 2026 #43

Wealth is mobile The Mouth Jan 2026 #48

The Laffer Curve proposed that lowering taxes creates overall economic prosperity DBoon Jan 2026 #52

I didn't quote, or refer to the Laffer curve, that was someone else The Mouth Jan 2026 #61

How fucking greedy can you get? Ray Bruns Jan 2026 #18

These money-hoarders have an addiction to money. MLWR Jan 2026 #20

I think the oldigarchs addiction to money and power is because they will soon be dead , afraid their power will wane, in2herbs Jan 2026 #34

Not dead fast enough. diane in sf Jan 2026 #38

I agree! nt in2herbs Jan 2026 #39

It is game to the super rich SheLiberal Jan 2026 #41

Welp Pas-de-Calais Jan 2026 #21

Oh, boo, hoo, hoo... Pay your damn fair share... electric_blue68 Jan 2026 #23

Thanks California for helping us become billionaires Smilo Jan 2026 #24

Hahaha! One more billionaire mansion in Texas they can't sell. Joinfortmill Jan 2026 #25

Isnt Gavin Newsome against this tax? Callie1979 Jan 2026 #26

Ballot Analysis of Initiative 2025-024 quaint Jan 2026 #27

Page moved, but the major companies of Alphabet haven't. CA may be a little tax poorer, but not enough to affect ancianita Jan 2026 #31

If you sleep on someone's couch and you don't pay rent, you're a moocher. Initech Jan 2026 #58

I hear you. ancianita Jan 2026 #59

Link to text of initiative, California Secretary of State office GJGCA Jan 2026 #32

The sun in California shines a bit brighter today Sweet Rosie Red Jan 2026 #35

Bye, Felicia. QueerDuck Jan 2026 #36

Welp lonely bird Jan 2026 #37

The greed and selfishness of these people are beyond belief. Mebbe I'm wrong, but I don't think Larry is going to end up Fil1957 Jan 2026 #40

You don't own California. You don't own the people of this state. DBoon Jan 2026 #42

Come on! The man's gotta eat. Swede Jan 2026 #44

Make these assholes pay! They can't keep mooching forever! Initech Jan 2026 #45

Tech billionaires have contempt for everyone not in their class DBoon Jan 2026 #46

Page is moving because, after the new tax, he'd ONLY have 256,500,000,000 dollars? LudwigPastorius Jan 2026 #49

Bye RandySF Jan 2026 #51

He SHOULD be shamed as one of the greediest men in the world by every lawmaker and every media outlet. Doodley Jan 2026 #53

Good UpInArms Jan 2026 #54

Instead of a wealth tax.... Happy Hoosier Jan 2026 #60