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

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   Message 154,153 of 155,846   
   dart200 to Wilson   
   Re: Nearly $1 trillion in wealth fled Ca   
   13 Jan 26 17:04:21   
   
   From: user7160@newsgrouper.org.invalid   
      
   On 1/13/26 1:37 PM, 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.   
   >   
      
   i'm personally motivated by how fucking retarded using markets to drive   
   software dev and maintenance has been   
      
   --   
   arising us out of the computing dark ages,   
   please excuse my pseudo-pyscript,   
   ~ nick   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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