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

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   Message 154,188 of 155,846   
   Noah Sombrero to All   
   Re: Nearly $1 trillion in wealth fled Ca   
   14 Jan 26 12:54:26   
   
   From: fedora@fea.st   
      
   On Wed, 14 Jan 2026 11:54:56 -0500, Wilson    
   wrote:   
      
   >On 1/14/2026 11:05 AM, Dude wrote:   
   >> 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.   
   >   
   >"It's fine, the Golden Goose cannot be killed, it will last forever no   
   >matter how much we squeeze it!"   
      
   Another ridiculous response.   
   --   
   Noah Sombrero mustachioed villain   
   Don't get political with me young man   
   or I'll tie you to a railroad track and   
   <<>> to <<>>   
   Who dares to talk to El Sombrero?   
   dares: Ned   
   does not dare: Julian  shrinks in horror and warns others away   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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