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Legendary director Steven Spielberg is latest billionaire to flee California in another blow to state
California Post ^ | 2/19/26 | Matt Troutman

Posted on 02/19/2026 9:21:04 PM PST by Libloather

Steven Spielberg, phone home!

The legendary “E.T.” director and California resident has moved to Manhattan amid a billionaire exodus from the Golden State — as voters eye a controversial wealth tax.

But the move, first reported by the LA Times, allegedly had nothing to do with the 2026 Billionaire Tax Act.

“Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren,” spokeswoman Terry Press said.

Press did not answer queries about Spielberg’s stance on the proposed tax, which would slap a one-time 5% tax on individual fortunes exceeding $1 billion.

The tax, if approved by voters in November, would apply retroactively to the beginning of this year.

Proponents argue it will raise tens of billions of dollars to go toward the state’s health care shortfalls, while opponents — including Gavin Newsom — argue it’ll force skinflint billionaires to leave the state.

Google co-founder Sergey Brin wants to kill the tax. He’s funding an effort to build more opponents by appealing to California’s voting masses, who so far overwhelmingly back the tax.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: billionaire; bluestateexodus; california; flee; gavinnewsom; karenbass; katecapshaw; kathyhochul; losangeles; manhattan; matttroutman; newyork; newyorkcity; sergeybrin; sociopath; spielberg; stevenspielberg; terrypress; whoisjohngalt; zohranmamdani
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To: irishjuggler
something creepy about the dude ever since he had a *kid* make fellatio “joke” in E.T.

Yeah, the expression "penis breath" does not belong in a kids' film!

Regards,

21 posted on 02/20/2026 2:31:31 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Libloather
“Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren,” spokeswoman Terry Press said.

But effective January 1, 2026 according to the Los Angeles Times.
22 posted on 02/20/2026 2:37:06 AM PST by Chad_the_Impaler
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To: Libloather

Leaving California for NYC? Out of the frying pan and into the fire.


23 posted on 02/20/2026 2:48:56 AM PST by FLT-bird
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To: aquila48

I should’ve read the thread before posting. GMTA


24 posted on 02/20/2026 2:50:49 AM PST by FLT-bird
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To: Libloather

So, from a state and city that have a Governor and Mayor we BELIEVE are communists to a state and a city that have a Governor and Mayor that we KNOW are communists?

And they call conservatives idiots . . .


25 posted on 02/20/2026 3:09:25 AM PST by MCSETots
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To: Libloather

NYC? Sounds more like ‘out of frying pan and into the fire.’


26 posted on 02/20/2026 3:13:32 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. The Dhimmicraps are ALL Traitors. All of them.)
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To: SpaceBar
Manhattan will save him from those greedy socialists.

LOLOL!

27 posted on 02/20/2026 3:18:12 AM PST by Fresh Wind (I voted for Trump the Fighter, not a wussified wimp!)
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To: SpaceBar
Manhattan will save him from those greedy socialists.

...and will add the public broadcast of the satanic/allah Call to Prayer 5 times a day.

28 posted on 02/20/2026 3:20:09 AM PST by newfreep ("There is no race problem...just a problem race")
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To: Libloather

Where’s he moving after Marxist Mamdani passes his billionaire tax?


29 posted on 02/20/2026 3:32:06 AM PST by Behind Liberal Lines
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To: Libloather

Out of frying pan into fire?


30 posted on 02/20/2026 3:40:38 AM PST by Chickensoup
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To: irishjuggler

Seriously?


31 posted on 02/20/2026 3:41:52 AM PST by Chickensoup
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To: Libloather

One shxthole to another.... not a very wise man it seems.


32 posted on 02/20/2026 4:00:56 AM PST by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Libloather

I wonder if they’ll track him down - as they are doing to other former CA residents - to ask him a dozen questions about his resident status pursuant to confiscation of moneys (tax) as a penalty...


33 posted on 02/20/2026 4:10:49 AM PST by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 "/!i!! &@$%&*(@ -')
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To: Libloather

Why would he move to NY? Move to Texas or Florida and visit NY.


34 posted on 02/20/2026 4:12:38 AM PST by AppyPappy (They don't call you a Nazi because they think you are one. They do it to justify violence. )
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To: logi_cal869

Rush had problems leaving NY. Lasted years. Lawyers required.


35 posted on 02/20/2026 4:12:44 AM PST by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: Libloather

Out of the California frying pan into the NYC fire - smart move. /s


36 posted on 02/20/2026 4:15:28 AM PST by PIF (They came for me and mine ... now its your turn)
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To: Libloather

Yes, but in contrast to Rush - stating the obvious - spielberg is a leftist.


37 posted on 02/20/2026 4:18:41 AM PST by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 "/!i!! &@$%&*(@ -')
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To: Kudsman

“Yes. Millions of them, and they will all be expected to make up the 50% of taxes that the top 1% currently pay. Plus any new Newsome follies that get added”

Gov. Greaseball won’t be around to kick come next year. Pasty face socialist Tom Styer judging from all the commercials he is running is trying to buy the job. Of course his platform is sticking it to Billionaires and Utility company’s. He may well win or some equally leftist loser with a Spanish surname will. Moronic Californian voters aren’t too particular about what tyrant they vote for as long as they keep the ponzi scheme going and provide free / subsidized $hit.


38 posted on 02/20/2026 4:27:12 AM PST by DAC21
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To: Libloather
Proponents argue it will raise tens of billions of dollars to go toward the state’s health care shortfalls, while opponents — including Gavin Newsom — argue it’ll force skinflint billionaires to leave the state.

"Skinflint" billionaires? Bias much?

39 posted on 02/20/2026 4:43:11 AM PST by MortMan (How deep do you have to plant birdseed?)
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To: Libloather

Per the terms of the proposed amendment, as of January 1st 2026, Spielberg was committed to paying if it passes.

I more than suspect that this aspect will be considered unconstitutional.


40 posted on 02/20/2026 4:45:19 AM PST by MortMan (How deep do you have to plant birdseed?)
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