How does a state enforce an “exit tax”?
Didn’t Germany in the last 1930’s do the same thing to Jews wanting to leave their country?
It’s like the old sayin’ goes, “You can vote your way into socialism but you’re going to have to shoot your way out.”
No need to go to the link. I posted the whole short article.
And if you don’t pay it you go to jail? California is officially a prison.
When does the People’s State Of California build a wall to keep people in?
Would seem to be unenforceable if they move to a red state that thinks that the California law is stupid and ridiculous.
Most of those wealthy people got that way because they are smart. They can figure a way around the wealth tax.
I think the initial goal here is to get the tax established and up and running without argument. Right now it is set at an annual rate of 1% of $50 million. Nothing to see here, Folks. After a time, though, a few of those figures can and will be adjusted. That 1% might jump to 20% or 30% and the $50 mil may drop to $1 mil or $500k. Or something like that...
Next it will be thought taxes.
When businesses started leaving Ohio years ago for less expensive operation in the South, Ohio passed a “business exit tax” where companies had to leave the equivalent of six months wages when they left. Supposedly, those funds would be for retraining programs for the workers who lost their jobs. Not too long afterwards, Gov. Celeste noticed that no new business had been started in OH for the past 9 months (??—I think it was 9 months before they noticed). To their credit, they admitted their mistake and rescinded the exit tax.
Hey, California! There’s a lesson to learn here...
The USG started doing this in the middle of the 80’s. Essentially, your wealth or money is considered a part of the US economy and if you take it somewhere else it hurts America. They did this to prevent people from moving large sums of money off-shore into non-US banking systems.
I have family/relatives that saw this coming awhile back....
They already wanted out of that crazy shitehole bad, but this crap was the final straw.
They sold their property for a nice tidy sum, took all their money and ran.....
They left NOTHING in CA except their dust trail to the border....giving the craphole the middle finger in the rearview mirror as they crossed the line.
Can’t say as I blame em.....LOL.
Well you elected a Dictator
You can check out anytime you like, but you can never leave.
Of course today it just the “evil” very rich……. But in the future it would be everyone! Next, did you ever visit California, well there is a visitor exit tax, please provide all your financial information! And lastly, the evil Commies will implement the “Did you ever dream of California tax!”…… please provide all your financial information……
I’m glad I left CA back in 2001, and no longer work for a CA-based company.
How is this legal?
This unconstitutional theft will not stand in court.
Keep voting Democrat California.