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Posted on 1/15/26 at 10:01 am to TrueTiger
The US taxpayer will bail out California and New York City when they completely collapse. It's inevitable. 
Posted on 1/15/26 at 10:04 am to SlidellCajun
quote:
A wealth tax is theft.
It's unconstitutional at the federal level and should be at the state level; it's a major invasion of a citizen's privacy. Would California citizens be required to turn over balance sheets to the government for taxing purposes? That to me is against the 4th Amendment.
Posted on 1/15/26 at 10:07 am to TrueTiger
quote:
Not that it wasn't already headed to financial disaster, but this accelerates it.
Thing is, those people will flee to red states and then start voting like commies again.
This post was edited on 1/15/26 at 10:16 am
Posted on 1/15/26 at 10:23 am to TrueTiger
Instead of calling it a “wealth tax” it needs to be called what it is, a “wealth theft”
Posted on 1/15/26 at 10:33 am to Tchefuncte Tiger
quote:
The US taxpayer will bail out California and New York City when they completely collapse. It's inevitable.
Just like they subsidize many southern states
Posted on 1/15/26 at 10:34 am to chalmetteowl
quote:
Just like they subsidize many southern states
Apples-to-oranges.
Posted on 1/15/26 at 10:41 am to wareagle7298
quote:
This passes and almost every Silicon Valley entity is going to move.
Unlikely. They’ve had plenty of reasons to move in the past. They’ve either sunk way too much money into huge/lavish campuses, or for some reason don’t think they can hire software engineers in any other state. You may get fewer startups and some outward migration of small tech companies but the big boys won’t go anywhere. The wealthiest execs/owners/founders move and the tax burden just shifts to their high income W2 wage earners.
They may eventually tax people/businesses so much that they move, but this isn’t gonna do it. Just like all of the insane taxes in WA that have been foisted upon Boeing and Microsoft and Amazon and T mobile hasn’t put a dent in their workforce, even if they move some corporate positions to another state.
Posted on 1/15/26 at 10:45 am to TrueTiger
I dare them to pass it, it would be one of the strongest reminders we have as to why socialist policies fail.
This is the result of a "well we can do it a 'good' way that works" philosophy. There is no "good" way because it's a path that always leads to failure if you stay on it long enough. There is no option for avoiding the pitfalls as the whole idea itself is a pitfall, the only option is to turn back from it.
This is the result of a "well we can do it a 'good' way that works" philosophy. There is no "good" way because it's a path that always leads to failure if you stay on it long enough. There is no option for avoiding the pitfalls as the whole idea itself is a pitfall, the only option is to turn back from it.
Posted on 1/15/26 at 11:20 am to Tchefuncte Tiger
I think it’ll be a state imposed tax like the property taxation system that’s well established
It’s theft.
It’s theft.
Posted on 1/15/26 at 11:47 am to YipSkiddlyDooo
quote:
for some reason don’t think they can hire software engineers in any other state
The people they want to hire want to live in Cali and nowhere else
Posted on 1/15/26 at 11:53 am to SDVTiger
quote:
Everyone knows the real grab is the 170tril in middle class assests
Did you mean $17 trillion?
Posted on 1/15/26 at 12:35 pm to wareagle7298
quote:
Isn't even Newsom against this? This passes and almost every Silicon Valley entity is going to move.
Keep believing that.
Posted on 1/15/26 at 2:20 pm to SlidellCajun
quote:
I think it’ll be a state imposed tax like the property taxation system that’s well established
I would imagine a wealth tax goes more in depth into a person's personal finances and property ownership (assets and liabilities) than a simple property tax.
This post was edited on 1/15/26 at 2:21 pm
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