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In reply to the discussion: Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all]Jmb 4 Harris-Walz
(1,106 posts)72. If they're willing to brave the threats of fire, earthquakes, floods, coastal erosion, etc., they'll leave over a
5% tax on their wealth OVER $1 billion? Poppycock! Theyd have to spend as much money rebuilding their massive estates elsewhere. They wont be leaving anytime soon!
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Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all]
CoopersDad
23 hrs ago
OP
Is it 1 or 5%? Either way, they can afford it, just curious which is correct?
Jmb 4 Harris-Walz
6 hrs ago
#71
I honestly think a majority would gladly have the Kardashians (and of course, Musk) depart California...
hlthe2b
23 hrs ago
#11
Hey MAGA, it's not the immigrants who are ruining America! It's the billionaires!
Initech
22 hrs ago
#15
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
Totally agree with you, however, our inept president would never allow it.
Jmb 4 Harris-Walz
5 hrs ago
#73
Massachusetts was warned that the wealthy would flee if a wealth tax was instituted.
TheRickles
20 hrs ago
#42
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
NYC Billionaires said the same thing if Zoltan Mamdani were to be elected Mayor.
no_hypocrisy
15 hrs ago
#57