From: Wilson@nowhere.invalid   
      
   On 2/22/2026 11:33 AM, Julian wrote:   
   > 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.   
      
   Good point. Envy drives a lot of this.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)