From: f00@0f0.00f   
      
   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."   
      
   its a case of fafo.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)