Tech billionaires threaten to exit California over proposed wealth tax

9 pointsposted a month ago
by xqcgrek2

11 Comments

stevenalowe

a month 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

Bender

a month 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.

drweevil

a month ago

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

DemocracyFTW2

a month ago

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

user

a month ago

[deleted]

jamesgill

a month ago

Bye, Felicia.

xqcgrek2

a month ago

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