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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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