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   alt.buddha.short.fat.guy      Uhhh not sure, something about Buddhism      155,846 messages   

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   Message 154,146 of 155,846   
   Dude to Noah Sombrero   
   Re: Nearly $1 trillion in wealth fled Ca   
   13 Jan 26 15:53:05   
   
   From: punditster@gmail.com   
      
   On 1/13/2026 1:45 PM, Noah Sombrero wrote:   
   > On Tue, 13 Jan 2026 16:37:06 -0500, Wilson    
   > wrote:   
   >   
   >> On 1/13/2026 2:46 PM, dart200 wrote:   
   >>> On 1/13/26 11:39 AM, Wilson wrote:   
   >>>>   
   >>>> California lost nearly $1 trillion in wealth in the past month alone   
   >>>> thanks to fears over its proposed Billionaire Tax, according former   
   >>>> Facebook exec Chamath Palihapitiya. "That means the $2T of California   
   >>>> wealth they expected to tax is now down to $1.3T and falling quickly.   
   >>>> I would not be surprised if 2026 ended with less than $1T of   
   >>>> billionaire wealth in California and decades and hundreds of lawsuits.   
   >>>> A complete and total unforced error. Where was the Governor? Where are   
   >>>> our leaders??"   
   >>>>   
   >>>> The mere fear of the possibility of the measure, which could go to the   
   >>>> polls in November 2026 with its potential start date retroactive to   
   >>>> the beginning of the year, has reportedly caused many of California’s   
   >>>> roughly 215 billionaires to buy homes in Florida, Texas, and Tennessee   
   >>>> and relocate some of their company offices out of state, too.   
   >>>>   
   >>>> While California had previously been the promised land for tech   
   >>>> titans, more than 45 LLCs in the state tied to Google co-founder Larry   
   >>>> Page have recently filed to go inactive or relocate out of state, as a   
   >>>> trust linked to him purchased a $71.9 million mansion in Miami’s   
   >>>> Coconut Grove.   
   >>>>   
   >>>> Last month, an entity linked to Google co-founder Sergey Brin also   
   >>>> either dissolved or relocated 15 California LLCs overseeing his   
   >>>> business interests and investments to Reno, Nev.   
   >>>>   
   >>>> In-N-Out CEO Lynsi Snyder meanwhile relocated to Tennessee and   
   >>>> established a second corporate office there.   
   >>>>   
   >>>> "If they don’t kill this ballot initiative and entice those folks to   
   >>>> come back, the California budget will be massively upside down",   
   >>>> Palihapitiya wrote. The only place to get the money is to cut waste,   
   >>>> fraud, and abuse or increase taxes on the middle class. The latter is   
   >>>> much simpler than the former."   
   >>>   
   >>> unfortunately to actually tax the rich we'll need a global organization   
   >>> to do it,   
   >>>   
   >>> idk when lefties will recognize we need an unifying global identity that   
   >>> drives to be as inclusive as possible...   
   >>>   
   >>> this whole trying to alienate others, for what purpose i do not know,   
   >>> will never build the support we need to actually redistribute the wealth   
   >>>   
   >>   
   >> While you're rebuilding all of the leftists and humanity too, take a   
   >> moment to look at what it takes to incentivize people to do things that   
   >> everyone else thinks are probably impossible but in the end provide   
   >> immense value.   
   >   
   > you mean like michaelangelo's sistine chapel, or steve job's iphone?   
   >   
   Steve Jobs invented the first successful mass-market personal computer   
   with the Apple II.   
    >   
   > Even though the iphone has been a huge money maker for apple, it might   
   > be that the world would have been as well without it?  Maybe.   
    >   
   They said that about about the Bell telephone too. You've still got your   
   land line, right?   
    >   
    > Maybe we could consider doing useful, helpful things more important   
    > than barely possible razzledazzle things?>   
   Maybe you could produce something useful with your PC.   
    >   
   > It seems that mike did his chapel without needing to be motivated by   
   > extreme wealth.   
    >   
   Apparently, Michelangelo was paid handsomely for painting the Sistine   
   Chapel ceiling, receiving 3,000 ducats from Pope Julius II for the   
   four-year project (1508-1512), a significant sum equivalent to millions   
   in today's money.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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