From: Wilson@nowhere.invalid   
      
   On 2/21/2026 9:00 PM, 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.   
      
   It's fine, they will never move out no matter how much they're taxed.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)