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Jmb 4 Harris-Walz

(1,106 posts)

71. Is it 1 or 5%? Either way, they can afford it, just curious which is correct?

Wed Dec 31, 2025, 03:50 AM

6 hrs ago

Looked it up… It’s 5% on their wealth OVER $1 billion — affects approximately 200 current California residents. On the plus side of things, if they left, their mansions could be demolished to make way for housing the masses could more easily afford.

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ProudMNDemocrat

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Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all] CoopersDad 23 hrs ago OP

Don't let the door slap you on the ass on your way out, parasites. Ocelot II 23 hrs ago #1

You beat me to it SheltieLover 22 hrs ago #27

I guess that will open housing for people who pay taxes. NT Gore1FL 23 hrs ago #2

Newsom's response should be: CousinIT 23 hrs ago #3

Newsom dweller 23 hrs ago #8

Ugh karin_sj 22 hrs ago #23

Ugh. CousinIT 22 hrs ago #26

Better get the nose clips ready. BannonsLiver 21 hrs ago #30

Most of those people Boo1 16 hrs ago #50

They would have to move in the next day to avoid the retroactive tax? newdeal2 23 hrs ago #4

The BILLIONAIRE Class have become the WHINER class. ProudMNDemocrat 23 hrs ago #5

It is called greed Stargazer99 23 hrs ago #6

I think they should whine louder and more publicly EYESORE 9001 22 hrs ago #20

They always have been Johonny 22 hrs ago #22

Is it 1 or 5%? Either way, they can afford it, just curious which is correct? Jmb 4 Harris-Walz 6 hrs ago #71

Make it a National Law, save SS Law. multigraincracker 23 hrs ago #7

Yes! SheltieLover 22 hrs ago #28

"So, what's the bad news?" nt Buns_of_Fire 23 hrs ago #9

Good Riddance! NT Daigan 23 hrs ago #10

I honestly think a majority would gladly have the Kardashians (and of course, Musk) depart California... hlthe2b 23 hrs ago #11

Contribute to the common good or goodbye. C_U_L8R 23 hrs ago #12

Money hoarders UpInArms 22 hrs ago #13

"Sometimes the coppice needs to be cleared lest it becomes a hedgerow." Hugin 22 hrs ago #14

Hey MAGA, it's not the immigrants who are ruining America! It's the billionaires! Initech 22 hrs ago #15

Bye.. .... Lovie777 22 hrs ago #16

The state of California's economists have projected that this tax would result in a net loss of revenue Jose Garcia 22 hrs ago #17

Link? nt drmeow 21 hrs ago #32

New York Times: Jose Garcia 21 hrs ago #34

I keep hearing that they don't pay any taxes anyway MichMan 20 hrs ago #43

These entitled assholes... GiqueCee 15 hrs ago #58

Feels like a poison pill measure designed to get GOP Johonny 22 hrs ago #18

It could probably get renewed every 5 years MichMan 21 hrs ago #38

They are his peeps though Blue Full Moon 22 hrs ago #19

Good riddance, assholes! karin_sj 22 hrs ago #21

California will be better without them. spanone 22 hrs ago #24

Are you sure about that? pcdb 19 hrs ago #48

They don't pay DiverDave 14 hrs ago #61

They won't leave. intheflow 22 hrs ago #25

As long as they take Zuckerberg with them Retrograde 21 hrs ago #29

Wealth Taxes should be at the Federal level not State level walkingman 21 hrs ago #31

Totally agree with you, however, our inept president would never allow it. Jmb 4 Harris-Walz 5 hrs ago #73

Spiro is a F'ing con man. haele 21 hrs ago #33

Spiro is a scumbag Hassin Bin Sober 20 hrs ago #46

Silly billionaires. hunter 21 hrs ago #35

California will be better off when these leeches leave. bluestarone 21 hrs ago #36

Not a good idea jonstl08 21 hrs ago #37

Of course they will? OC375 21 hrs ago #39

50 million dollars one time kwolf68 20 hrs ago #40

So California will lose the tax money of people who don't pay taxes? LostOne4Ever 20 hrs ago #41

Massachusetts was warned that the wealthy would flee if a wealth tax was instituted. TheRickles 20 hrs ago #42

How will the government determine how much they owe? MichMan 20 hrs ago #44

The low cost of living has never been a reason to live in California. Buddyzbuddy 20 hrs ago #45

I hope they don't come to my state. BoomaofBandM 20 hrs ago #47

Can they please move out of the US altogether? Luciferous 16 hrs ago #49

Well, that's a good thing, isn't it? Scrivener7 16 hrs ago #51

Where they gonna move? Alabammie, for the lifestyle, right? bucolic_frolic 16 hrs ago #52

Lol like how all the billionaires said theyll leave MA after their progreesive tax was passed? SSJVegeta 16 hrs ago #53

Why are they in CA to begin with? Because they like it there. Maybe it's the weather. Intractable 16 hrs ago #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 5 hrs ago #72

Billionaires will not ignore an entire economy as large as California. unblock 15 hrs ago #55

Doesn't mean they have to live there to have investments MichMan 12 hrs ago #66

Who cares if they leave? Their money is their only leverage. unblock 11 hrs ago #69

There Goes John Galt lame54 15 hrs ago #56

NYC Billionaires said the same thing if Zoltan Mamdani were to be elected Mayor. no_hypocrisy 15 hrs ago #57

You just nailed it. CoopersDad 12 hrs ago #65

Is that a threat or a promise...? regnaD kciN 14 hrs ago #59

What a terrible headline -- someone trying to take down Newsom? W_HAMILTON 14 hrs ago #60

I'll still vote YES... just for s&g WarGamer 13 hrs ago #62

Tax evasion is illegal. Patton French 13 hrs ago #63

This is just Billionaires leveraging their enormous privilege thought crime 12 hrs ago #64

if every state did this, then where would they move? Takket 11 hrs ago #67

"Right after I got here, i ordered some spaghetti with marinara and got egg noodles with ketchup" maxrandb 11 hrs ago #68

This message was self-deleted by its author Celerity 6 hrs ago #70