Tech billionaires threaten to exit California over proposed wealth tax

7 pointsposted 15 hours ago
by xqcgrek2

11 Comments

Bender

3 hours ago

The people can solve this. Cut the states burn rate at least 10% every year and also remove 10% of laws every year. Let the citizens choose which programs and laws to cut using a government web portal. In 10 years cap the taxes to a max rate of 3% and require $500 million in programs to be removed for every $200 million in new programs added. Require every new program to list on a government web portal exactly who is allocated how much money and show exactly how every dollar is spent with receipts. Use AI to figure out where money is being mismanaged and instantly pause the program and funding until the issues are resolved.

stevenalowe

14 hours ago

“The proposal would impose a one-time 5% tax on the assets of Californians worth over $1 billion.”

So if enough people vote for it, ex post facto theft is ok because “crisis”?

If they can do it once, they can do it repeatedly, no crisis required

drweevil

12 hours ago

Don’t let the door hit your ass on the way out.

user

14 hours ago

[deleted]

DemocracyFTW2

11 hours ago

People who don't pay taxes threatening to leave so they don't have to pay taxes.

jamesgill

15 hours ago

Bye, Felicia.

xqcgrek2

15 hours ago

ironically, the more they crow, the higher the likelihood of it passing