While fellow billionaires rushed to abandon California before a landmark wealth tax snapshot locked in their liability, one of the richest people on earth publicly embraced what could be the largest personal tax bill in state history.
    • kingkong@lemmy.worldEnglish
      111·
      6 days ago

      sure i dont mind but rather do land value tax and all of them should have to pay 50% tax as if they liquidated their holdings then at the time of leaving and market value of all assets.

      like most wealth tax that is. income tax based then. 5% isnt even much remove income tax instead

        • kingkong@lemmy.worldEnglish
          31·
          6 days ago

          thing is the closest easiest tax to implement that would target the elite networth is the land value tax not wealth tax because they cannot move land. it literally is right there cannot be hidden. they may argue about the value but they cannot escape. its the least bad tax as well. but homeowners keep on complaining like little girls that boomers cant pay for it except boomers have already been bailed out by 2-3 generations already they stole futures from and now they still complain whine moan while voting for nimby policies they are literally destroying multiple generations putting them and us all into slavery for their own gain because they are the most spoiled brat generation to have ever walked the earth.

          so sick of it. just tax them until they all go bankrupt. 20% lvt will cover income tax and sales tax for the whole country

  • A_Random_Idiot@lemmy.worldEnglish
    211·
    6 days ago

    They didnt flee the billionaire tax.

    They fled to other countries to avoid their epstein ties and to keep raping kids.

  • x00z@lemmy.worldEnglish
    40·
    6 days ago

    When are they going to write an article about me for also doing this normal thing?

    • Cherries@lemmy.worldEnglish
      511·
      6 days ago

      These folks don’t actually wanna leave. Peter Thiel will blow a lot of smoke about how he’s totally gonna leave California because of Communisim or whatever, but there’s a couple things to keep in mind.

      1. The billionaires are spending mad money to fight this tax. This is not the action of someone who plans to leave the state.

      2. The infrastructure that makes the billionaires rich cannot be moved from California easily. A person is easy to move, a warehouse less so. Those assets can be taxed, even if the owner leaves the state.

      3. Fuck these guys. Billionaires do not contribute to the economy; they suck out the wealth and hoard it. Even in the worst case scenario of rich folks leaving the state with their ill gotten gains, the state wasn’t gonna get that money anyways The worst case scenario for California of the mythical “Wealth Flight” is a bunch of parasites moving elsewhere.

      These parasites have had it too good for too long. A measly little one time tax is a step in the right direction that I hope opens the door to more aggressive taxation on these dregs of society.

  • woelkchen@lemmy.worldEnglish
    16·
    6 days ago

    He doesn’t want others to think he’s as poor as those guys who cannot afford to pay these taxes.

    Edit: typo