From: user7160@newsgrouper.org.invalid   
      
   On 2/22/26 12:51 PM, Dude wrote:   
   > 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.   
      
   we already have a flat tax. it's called a sales tax   
      
   --   
   hi, i'm nick! let's end war 🙃   
      
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