Then get packed. It’ll pass
I don’t see how this law is even close to being Constitutional. This is government going after those who are successful in order to give to those who either crossed the border illegally or live on the government dole. Blue states are in trouble financially so they go after the folks who work hard for what they have just to pay off their voters...the freeloaders.
“Then get packed. It’ll pass”
Do it before 2026.
The tate will also lose income tax unless the proposition fails and the billionaire returns.
Voting with one’s feet is going to be the only real choice in their “democracy”.
Rush warned us the day would come when the rats would pass a wealth tax. We have arrived.
Exactly what I was going to say. Why waste time waiting? If I had the opportunity to bet, I would have no problem betting $10,000 that it would pass.
Yes, it will pass AND it will be retroactive to Jan. 1, 2026 ... so I would assume they should vamoose before Dec. 31, 2025 if they want to avoid the so called “One Time” tax.
“Then get packed. It’ll pass”
exactly ... and my exact first thoughts too: any tax increase that makes it to the ballot in CA automatically passes because the ignorant, socialist-loving takers far outnumber the makers ...
the billionaires need to start planning NOW to be ready to leave the next microsecond after the bill makes the ballot ...
oh, and WHEN the bill passes, it’s gonna be major popcorn time as a blizzard of lawsuits arise over what exactly constitutes “net worth” and how should that be computed ... such lawsuits could also take a century to resolve ...
nonetheless, any billionaire waiting around to find out what happens is a fool and deserves to lose a big chunk of their net worth ...
The treasurers of Nevada, Utah etc. must be salivating.
It’ll pass, but it is an unconstitutional taking.