California will have to build an “iron curtain” now to keep businesses from leaving.
Calif. has already kicked around the idea of an “Exit/Departure Tax”
“A ballot proposal is underway in California that would amend the State Constitution with a Wealth Tax. Specifically, this is an additional tax to be levied against high valued property, and high income (between 36.5% - 54.3% one-time tax) should a resident die, OR DECIDE TO LEAVE THE STATE OF CALIFORNIA.”
I heard last week that they’re discussing making it retroactive. We beat cheeks outta there in 2010, and we’re wondering how retroactive it’ll bel.
Google this: california exit tax — and you’ll get some interesting hits.
“California will have to build an “iron curtain” now to keep businesses from leaving.”
And that they will do.
With plenty of help from the federal government, too!