From: julianlzb87@gmail.com   
      
   On 22/02/2026 16:13, Wilson wrote:   
   > On 2/21/2026 6:40 PM, Julian wrote:   
   >> On 21/02/2026 16:56, 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?   
   >>   
   >> I guess at some point, on this trajectory, some shareholders might be   
   >> moved to sue companies that don't relocate from Kalifornia for   
   >> breaching their fiduciary duty to maximise returns on investment?   
   >>   
   >> In the UK publicly listed companies are legally obliged to maximise   
   >> profit... which is why, for instance, they are frantically unravelling   
   >> their DIE extraordinary popular delusions and the madness of crowds.   
   >   
   > If a big wealth tax is implemented the techbros who stay will either be   
   > forced to liquidate a large percentage of their assets driving down the   
   > value of the stock, or give that stock directly to the taxing agency   
   > making the State the owner of a part of those companies.   
   >   
   > Guess which of those two the politicians will want?   
      
   If they can't confiscate have the stock, people's property,   
   they won't think twice about trashing the asset values in   
   millions of people's pension funds just out of spite.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)