You must log in or # to comment.
You know how billionaires always compete in having the most expensive house, yacht, space company or whatever.
Make them complete over the most expensive country to live in for billionaires. Show of your wealth by living here!
Gary Stevenson would like a word in.
He is quite clear that yes they can leave, and we can tax them at the point where money is created instead of abroad where we have no influence.
They can move, but their properties remain over here
They make/made their money off of us. Didn’t let them just leave with it.
This is the funny thing: Realistically they won’t leave, they would simply leverage their wealth to support opposing parties, prop up their own political marionettes, invest their money in campaigns to ruin the credibility of their adversaries or simply letting them disappear as a measure of last resort.
Some leave but most won’t.
With such wealth they should fall under military rules, you run, you run with wealth stolen from the country and could become a threat to the country, you will be classified as a traitor and enemy and will be pursued militarily. Total loss off all assets and potentially terminated. That would be the solution.
Even if it were true who cares? If they aren’t actually paying taxes then what is the point in having them?
TricklePiss down economics.“But look at all the jobs we’re creating!”
-Billionaire CEO who just announced a new round of layoffs
I think they view us as a bank. We need to make them money or they will transfer to another bank. Simple.
That is very very apt
Plus sometimes banks have perks that keep the customer staying after all, and I believe I’ve heard of various scandinavian billionaires, for example, threatening to leave but then staying because their country offered them benefits beyond even their ungodly wealth
They’re not doing anything for me. Let them leave.
Like they left Mamdani’s New York 😄
They can live on their yachts.
The Epstein class deserve to be binned. They’re worse than garbage. They’re parasites.
They already trying to change California’s Constitution to prevent taxing their wealth:
The amendment defines Retirement holdings, individually-owned assets, and other forms of personal savings to include “pensions; retirement accounts, including but not limited to 401 (k) accounts, 403(b) accounts, and all other individual retirement accounts; mutual funds; and all personal property, whether tangible or intangible, including but not limited to financial assets, investment accounts, business interests, digital assets, intellectual property, personal belongings, and other assets used to produce or collect income or savings for retirement or financial planning.”
Jesus, that’s an Orwellian bill name.
My biggest concern is:
Ballotpedia has not located a campaign in opposition to the ballot measure. You can share campaign information or arguments, along with source links for this information, with us at [email protected].
If no one is declaring opposition, this will definitively pass.
At that point is there anything that doesn’t fit this definition? xdd
I guess income that goes to luxury things such as groceries and bills would still get taxed
“This morning we got the updated numbers for fiscal year 2026 for capital gains … it came in at $1.5 billion,” economist Dave Reich told state lawmakers earlier this month. “So a very significant increase, quite a bit above our forecast from what we had before.”
This is understating things by a fair bit. Last year this tax raised $584 million. So the revenue, which is a preliminary figure pending delayed returns, appears to have nearly tripled in one year. It quadrupled from the year before that.
This is not what the critics of tax-the-rich schemes said should happen. They predicted tax proceeds would deteriorate as rich people moved away or structured their finances to avoid paying it.
Yeah, rich people do what they want to do, leaving isn’t one of them. They make too much money where they are, why would they leave. They need us way more than we need them
What is it people say? “It doesn’t hurt to ask.” In this case, billionaires can save a pretty penny by paying a few “influencers” and “intellectuals” to doomsday the tax away. In reality, the pittance they pay in wealth tax is not reason enough for any of them to move.
Even if they have to pay a 5% one-time wealth tax (CA proposal), that’s nothing compared to what ordinary people have to pay in taxes, and ordinary people actually need that money.
Will they promise to leave?
Fucking kill them already, they’re killing my country! I hope they suffer a lot and that their corpses be thrown on some vomit/poop pit.
I’ll help them pack.
New Jersey did just that. Their budget has been in a shortfall every year after they left.
Spending money on people is ok. Government running a surplus is theft from society.
Guess you never want to pay back the debt.
Great, this way money will circulate in the economy again instead of getting hoarded by a small minority
American citizens can’t escape the tax man. Unless you renounce your citizenship.
And if you’re REALLY that scared of a myth, put a progressive exit tax on their wealth. 100% over 1 billion. They built that wealth by exploiting America and its working class, so it’s just a repossession at that point.
Love the idea. Don’t even need to go after any personal wealth they have, just all the stocks. Chief exploitation manager leaving? Great. Get out. Take your Ferrari and your Villa. Keep it. But you get to stop exploiting people on the same day.
