From: fedora@fea.st   
      
   On Sat, 21 Feb 2026 18:00:38 -0800, Dude  wrote:   
      
   >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.   
      
   Their fair  share, if they have not evaded them.   
   --   
   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)