From: punditster@gmail.com   
      
   On 1/13/2026 7:21 PM, Dude wrote:   
   > On 1/13/2026 5:04 PM, dart200 wrote:   
   >> 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."   
   >>>>>It looks like several major companies, including Oracle, Tesla, Hewlett   
   Packard Enterprise (HPE), and Charles Schwab, have moved their   
   headquarters or significant operations out of California.   
      
   Many have gone to Texas (Austin, Spring) and Colorado (Denver), citing   
   factors like high taxes, regulations, cost of living, and business   
   environment.   
      
   Other notable moves include SpaceX, X (Twitter), Chevron, and Toyota,   
   continuing a trend of relocations to states with lower operating costs   
   and more business-friendly policies.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)