From: fedora@fea.st   
      
   On Sun, 22 Feb 2026 13:42:59 -0800, Dude  wrote:   
      
   >On 2/22/2026 10:17 AM, Noah Sombrero wrote:   
   >> On Sun, 22 Feb 2026 12:43:08 -0500, Wilson    
   >> wrote:   
   >>   
   >>> 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.   
   >>   
   >> You flatter yourself.   
   > >   
   >Poor people are often envious of those who have wealth derived from hard   
   >work.   
      
   Somebody's hard work, not necessarily yours.   
      
   > It's in the Bible - which strongly warns against envying another   
   >person's wealth, describing it as destructive to one's spiritual and   
   >physical health.   
      
   Greed remains one of the 7 deadly.  Often practiced by the wealthy.   
   That is how the get that way.   
      
   We are entitled to mention that without being accused of envy.   
      
   >In fact, your health is your greatest wealth. Be thankful.   
   --   
   Noah Sombrero mustachioed villain   
   Don't get political with me young man   
   or I'll tie you to a railroad track and   
   <<>> to <<>>   
   Who dares to talk to El Sombrero?   
   dares: Ned   
   does not dare: Julian  shrinks in horror and warns others away   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)