Careful there... When tech bros get annoyed, they finance fascism.
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They finance fascism either way.
So we need higher taxes to make sure they have less money to do it
I think at this point, asset forfeiture is the only way to neutralize those cockroaches.
Exactly! When people have way too much money they start to have funny ideas like eugenics and start wars.
Usually they just buy the politicians that will let them be even richer. The rich don't give a shit about who's in charge as long as they can be bought.
But the current crop - Thiel, Musk and co - they're true believers. They want to be rich under a new Hitler figure.
They already have. With billions of dollars. And it worked.
The political instrument involved here is not a technocratic and nuanced change to the tax code that happens to tax billionaires, but instead a one-off, 5% billionaire tax.
How about making it a yearly tax?
They’ll just leave. And take their companies with them.
Too late. The average move time to another state is over 12 months for these major companies and since it's one-off tax, they will just eat it since they are California for a reason in the first place.