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re: ‘Ungrateful piece of sh*t’: Left-wing podcaster berates Californians fleeing new wealth ta
Posted on 1/21/26 at 1:11 pm to rebelrouser
Posted on 1/21/26 at 1:11 pm to rebelrouser
quote:
Billionaires get paid in stock and then borrow against that asset with very favorable rates.
You’re talking about the top 100 richest people. Should we be reforming tax rates for 100 people?
0
Posted on 1/21/26 at 1:13 pm to djmed
quote:
‘Ungrateful piece of sh*t’: Left-wing podcaster berates Californians fleeing new wealth tax
Guess Kara Swisher is subconsciously telling Jennifer Welch, "Here Bitch, hold my beer and watch this shite!"
Posted on 1/21/26 at 1:18 pm to djmed
quote:
we deserve the taxes from you
Liberal mindset
Nevermind that California already taxes wealthy people at a higher rate than anywhere else in the country. Now lets add some more "one time" taxes to hit them for another $50+ million tax bill. Then there will be another "one time" tax that gets put on the ballot again next year and the year after.
Posted on 1/21/26 at 1:18 pm to djmed
Why do you people keep posting pictures of Al Franken in this thread?
Posted on 1/21/26 at 1:18 pm to djmed
quote:
impose a one-time 5% tax on billionaires
And who believes for one second that this would be a one-time tax? There shouldn't be a tax at all, but there is no way the government gets thier paws on that much money and not do it again.
Posted on 1/21/26 at 1:20 pm to djmed
quote:
‘Ungrateful piece of sh*t’
So much irony in this statement. Rich people don't owe you, or the state, anything.
Posted on 1/21/26 at 1:23 pm to rebelrouser
quote:
Billionaires get paid in stock and then borrow against that asset with very favorable rates. Since loans aren't considered income, there is no income tax owed and no capital gains tax until they sell the stock.
Compensation in the form of stock is still subject to income taxes at the market value of the shares. You don't escape income taxes by opting to get paid in stock.
Then if the billionaire is borrowing money by using their stock as collateral, they still will need to be bringing in liquid cash in order to repay those loans. So unless they're taking out new loans to repay the old loans, then they have some sort of cash income that would also likely be taxable.
ETA: a lot of billionaire stock assets are their remaining shares that they held onto since the company was founded. That's not income and they aren't taxed on it until they get capital gains taxes when they sell.
This post was edited on 1/21/26 at 1:26 pm
Posted on 1/21/26 at 1:28 pm to djmed
Yeah, I think they need a law targeting Left-wing, podcasting, influencers.
It's not like they've built anything.
It's not like they've built anything.
Posted on 1/21/26 at 1:43 pm to djmed
The money they made has already been taxed. And in Cali at some of the highest rates in the country.
Just how many times do you want to tax these people?
Just how many times do you want to tax these people?
Posted on 1/21/26 at 1:48 pm to djmed
They’re too economically illiterate to realize that if you incentivize billionaires to move to your state by giving even a tiny tax cut, billionaires will end up paying more in taxes because they won’t flee and you’ll attract more to the state.
This post was edited on 1/21/26 at 1:51 pm
Posted on 1/21/26 at 1:54 pm to djmed
I thought the Left hated billionaires already? So now they love the ones that stay and hate the ones that move even more than they hated them before? Wish they'd make up their minds.
Posted on 1/21/26 at 1:56 pm to Undertow
quote:
They’re too economically illiterate to realize that if you incentivize billionaires to move to your state by giving even a tiny tax cut, billionaires will end up paying more in taxes because they won’t flee and you’ll attract more to the state.
The Laffer Curve is foreign to lefties.
Posted on 1/21/26 at 2:17 pm to djmed
California liberals: We will be the highest taxed state in the union!
California liberals: We will have the most draconian regulatory bureaucracy in the US!
California liberals: We will allow criminals and drug addicts to run free on our streets!
California liberals: We will allow millions of illegals to flood our schools, hospitals, and infrastructure to the breaking point!
California liberals: We will give blacks a free house and a few million in reparations off of the taxpayers' backs!
California liberals: We'll look away as our leaders cavort with communist spies and steal billions from the treasury!
California liberals: We will start taxing our wealthiest residents at rates never imagined! We will weigh schemes to tax unrealized gains on things like homes and business equity! And if people try to leave, we will hammer them with an exit tax!!!
California liberals: Why are these ungrateful pieces of shite leaving!?!??!
California liberals: We will have the most draconian regulatory bureaucracy in the US!
California liberals: We will allow criminals and drug addicts to run free on our streets!
California liberals: We will allow millions of illegals to flood our schools, hospitals, and infrastructure to the breaking point!
California liberals: We will give blacks a free house and a few million in reparations off of the taxpayers' backs!
California liberals: We'll look away as our leaders cavort with communist spies and steal billions from the treasury!
California liberals: We will start taxing our wealthiest residents at rates never imagined! We will weigh schemes to tax unrealized gains on things like homes and business equity! And if people try to leave, we will hammer them with an exit tax!!!
California liberals: Why are these ungrateful pieces of shite leaving!?!??!
Posted on 1/21/26 at 2:40 pm to djmed
I think Kara Swisher should volunteer to pay more then.
Posted on 1/21/26 at 2:44 pm to djmed
Leftists hate the 10th commandment
Thou shalt not covet
Thou shalt not covet
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