From: punditster@gmail.com   
      
   On 2/22/2026 8:05 AM, Wilson wrote:   
   > 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.   
   >   
   The alternative is to institute a flat tax. Everyone pays 25% income tax   
   to the state. No exceptions.   
      
   --- SoupGate-Win32 v1.05   
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