Heard the same shit about with mamdani in nyc. Dont belive the elite class propaganda.
this post was submitted on 26 Dec 2025
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Or do believe them and let them go. They don't provide value. The extract it.
In fact, get a legally enforceable commitment to leave before the vote. Put a date on it.
1% of the estimated value of their assets assessed as a fine per day past the date, increasing a percent each day.
Especially when for a lot of them their value is tied up in ownership of land. If the land they own is in California... They can't take those assets with them.
Came here to say this.
Just let them leave if they really wanna. But where are they going to go, really?
The billionaire and centimilliionaire class should be getting on the ground and kiss the ground in thankfulness for what this country - and specifically, certain states - have done for them.
These ungrateful pieces of shit cannot ever have enough though, apparently.
Riiiight… like Zuck is just gonna give up and sell all the land he’s buying in Palo Alto with all the money in the compound he’s building.
They said the same in Massachusetts and then didn't https://www.wonkette.com/p/massachusettss-millionaire-tax-still
And NYC
Same for New Jersey.
Oh no! The people who hoard all the money and don't pay taxes might leave?
They won't. They won't pay to completely recreate things like Silicon Valley and Hollywood elsewhere.
Just like they're not leaving New York despite saying they would. All the Finance infrastructure is there, they won't recreate it from scratch elsewhere.
And even if they did, if the global workforce protested and demand governments tax billionaires extremely heavily, then they'll have nowhere to go, and will have to pay their fair share of taxes.
What if we just leave a few small islands where they dont pay taxes and tie it to the condition of them living there. Then all the billionaires are in one place and ~~become easy targets~~ could potentially get into some accident
No they won’t. 😂
They won’t. But this is why all of America should tax billionaires. And the individuals that do leave, those are the problem in your country and state.. if they leave you don’t want them there in the first place, other states shouldn’t want them either. Greedy bastards.
Tax is to keep all in balance, cause they profit from all, they should give some back.. there needs to be a balance.
"A Wealth Tax Floated in California Has Billionaires Pretending They're Thinking of Leaving."
There. Fixed the headline.
Direct any questions to The Myth of Millionaire Tax Flight by Cristobal Young, an actual comprehensive scientific study on the issue. You can guess from the title what the data showed.
"LET US COLLECT MORE MONEY THAN ANYONE WOULD EVER NEED OR WE'LL LEAVE!"
No it doesn’t. It has them threatening to leave while having no intention of leaving. Just look at NYC after Mamdani, or the 500 million MA has collected after passing their wealth tax and no one left.
How would that be bad?
They always say that but never do. They love their palaces and the local status it gives them. They aren't going anywhere. Humans hate change.
They won't though. Whiny babies
Oh no, the people who make everything worse AND more expensive are upset and will leave! Oh no, how terrible! How will the place survive without these parasites?
Please, PLEASE, won't someone think of the trickling down of their ~~diarrhea~~sorry, I meant the trickling down the very verrrrrry small amount of money they are forced to part with, not diarrhea.
Yes, what every city needs is more parasitical leeches sucking the place dry, not less!!!
Good
And go where? Your wealth is tied to a physical location.
The moves are being driven by a potential California ballot measure from the health care union, Service Employees International Union-United Healthcare Workers West, the people said. The proposal calls for California residents worth more than $1 billion to be taxed the equivalent of 5 percent of their assets. If the measure gains enough signatures to reach the state ballot in November and wins approval, it would retroactively apply to anyone who lived in California as of Jan. 1, 2026. Those with $20 billion in assets who resided in the state on that date would face a one-time tax of $1 billion and have five years to pay it, according to the terms of the measure. Whether the proposal will reach California’s ballot is far from certain, but some billionaires may be unwilling to take the risk. For Mr. Page, whose net worth is estimated at around $258 billion, the measure could result in a one-time tax of more than $12 billion. The tax bill for Mr. Thiel, whose net worth is around $27.5 billion, could be more than $1.2 billion. Representatives for Mr. Page and Mr. Thiel did not respond to requests for comment.
This is just pure greed and hatred for the people who made them.
Win/Win?
No. They won't.they said the same in MA, they sais the same in CT, they said the same in NY, and forever in NJ.
Stop trying to make them leave because for them there's nowhere to leave.
Absolute win.
We should take more than their wealth
"Doctor, how can I continue to live a meaningful life without my tapeworm?"
Said nobody ever.
Let's float that wealth tax everywhere. All the space ship billionaires will have no where to go but mars. They already have the space ships.
Tax the shit out of them, until they do leave, and go to a state that will cater to their every whim. Eventually, they'll all end up in Texas, where they can exploit anyone and everyone stupid enough to remain there and take it.
Then tax them more if they try to do any business in California.
I guess housing complexes will just have to be owned by millionaires then.
South Korea has the death penalty for people who perform capital flight. So let the billionaires leave, but not as billionaires.
I'm sure somehow everyone will just muddle through with their departure.
Awesome.