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Posted on 12/27/25 at 12:42 pm to Jbird
The billionaires they vilify
have businesses in their state. They pay payroll taxes and employ the same working class families they claim to be protecting.
When they leave, they take their business with them, leaving the working class unemployed.
The same working class will have their taxes raised to make up the difference when they lose the rich peoples’ revenue.
have businesses in their state. They pay payroll taxes and employ the same working class families they claim to be protecting.
When they leave, they take their business with them, leaving the working class unemployed.
The same working class will have their taxes raised to make up the difference when they lose the rich peoples’ revenue.
Posted on 12/27/25 at 1:05 pm to Jbird
This is the tip of the iceberg. Once the billionaires leave, everyone else there will need to pick up the slack. There will be nothing left to cover the public pensions. California will go bankrupt.
Posted on 12/27/25 at 1:23 pm to Jbird
Something, something Atlas, something, something Shrugged.
Posted on 12/27/25 at 1:43 pm to Jbird
PBD tore this woke piece of shite to sheards. It was awesome!
Posted on 12/27/25 at 1:51 pm to Jbird
I remember when it was millionaires. They've printed so much money that it's now billionaires.
Posted on 12/27/25 at 2:48 pm to Jbird
quote:
quote:
Do they have an exiting tax?
quote:
They have floated the idea.
WOULD. NOT. PAY.
Posted on 12/27/25 at 2:52 pm to alphaandomega
I posted a link on how CPAs talk of avoiding some of the bullshite they have enacted
Posted on 12/27/25 at 2:54 pm to Jbird
I really don't see how taxing wealth would pass constitutional muster. It seems to me a grave invasion of privacy by the government.
Posted on 12/27/25 at 2:58 pm to Jbird
quote:
Do they have an exiting tax?
They have floated the idea.
That would get slapped down with a quickness by the courts.
Posted on 12/27/25 at 3:01 pm to Jbird
quote:
Exit tax to escape utopia.
How do you propose that could enforce this?
Posted on 12/27/25 at 3:03 pm to Ponchy Tiger
Posted on 12/27/25 at 3:16 pm to Toomer Deplorable
Yes, however Reagan also amnestied millions of illegals in California, turning a once-red state into its current perma-blue condition.
Posted on 12/27/25 at 3:19 pm to NineLineBind
quote:
My question is why are Larry Page and Peter Thiel still there? Better late than never I guess.
My question is what’s the loophole that’s undermining new law? Thiel and Page aren’t retiring, and tech VC remains firmly centered in Silicon Valley.
Professional athletes pay California taxes for every game worked in a California venue regardless of their state of residence. I guarantee this new rule doesn’t address where deals are finalized….and Thiel and Page have enough sense to refrain from antagonizing legislators.
Posted on 12/27/25 at 3:20 pm to Jbird
Yeah good luck enforcing that.
Posted on 12/27/25 at 3:21 pm to Pvt Hudson
quote:
Looming Billionaire Exodus From Calif
Wait for the Escape Tax. That ought ought to be a doozie
Posted on 12/27/25 at 3:27 pm to OchoDedos
They used to tax non-residential Airline Pilots for a simple turnaround back out of California, and International Crew for transitioning California airspace.
Posted on 12/27/25 at 3:27 pm to OchoDedos
Shocker
Posted on 12/27/25 at 3:28 pm to Jbird
quote:
It won’t just be Page and Thiel. It will stop future Googles and Nvidias from even starting in our state.
No it won’t.
Both Stanford and UC Berkeley is right in the bays back yard so there’s always going to be a big tech scene and startups (which both Google and nvidia once were).
It’s already one of the most expensive places in the US yet it’s still the tech hub with all the companies.
Posted on 12/27/25 at 3:42 pm to SpecialK_88
As the money goes out the innovation stays !!!!
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