From: punditster@gmail.com   
      
   On 2/21/2026 10:43 AM, Noah Sombrero wrote:   
   > On Sat, 21 Feb 2026 11:56:19 -0500, Wilson    
   > wrote:   
   >   
   >> On 2/21/2026 2:28 AM, dart200 wrote:   
   >>> On 2/20/26 11:53 AM, Dude wrote:   
   >>>>   
   >>>> A 5% California wealth tax on a $1 billion net worth would result in a   
   >>>> $50 million tax liability!   
   >>>>   
   >>>> This proposed one-time tax targets the approximately 246 billionaires   
   >>>> in the state, potentially costing them between $50 million and $13   
   >>>> billion each, depending on their total wealth.   
   >>>>   
   >>>> Does anyone except the Teamsters Union think this is a good idea?   
   >>>   
   >>> i hope they leave   
   >>>   
   >>> billionaires don't spend their money in ways that are useful to local   
   >>> economies, and they have a lot retarded ways to not actually pay tax.   
   >>>   
   >>> in fact they buy up excess property making it harder for everyone else   
   >>> they leave, so better that they don't try to live here   
   >>>   
   >>   
   >> So how much property, income & sales tax do the billionaires pay to the   
   >> bottomless state budget pit that's Kalifornia?   
   >   
   > Their fair  share, if they have not evaded them.   
    >   
   In California, billionaires provid substantial tax revenue, with   
   personal income and capital gains taxes. These account for two-thirds of   
   the state's general fund.   
      
   Billionaires in California contribute to the state's economy primarily   
   by fostering innovation, investment, driving massive industry growth,   
   particularly in tech/Silicon Valley.   
      
   Billionaires also fund major philanthropic initiatives and invest in new   
   technology ventures.   
      
   I'm not sure Nick has thought this through. He had better hope   
   billionaires stay in California. YMMV.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)