Goodbye, California

Only an idiot would hang around, and generally speaking billionaires are not idiots. QED.

This is the Duh moment: “Once the concept is normalized, everyone assumes wealth taxes of this kind will ultimately target every “wealthy” person in the state, with the term “wealthy” redefined in whatever manner leftists find useful from election cycle to election cycle.” To paraphrase PDJT: they’re coming for you. I’m just in the way.

Gulliornia bankrupted itself to give freebies to invasive parasites. Then they went deeper into debt to give freebies to invasive parasites. Now, nothing remains but to take YOUR MONEY to give freebies to invasive parasites. They'll plunder billionaires today, millionaires tomorrow, anyone with any accumulated wealth next. Finally, anyone scraping by...Where will it end? See Zimbabwe. And as for farms and land....see South Africa. Never forget that Max Headgloop wants to do this to the entire USA.

Give Kalifornia back to Mexico, it is filled with mostly Mexicans now.

"Once the concept is normalized, everyone assumes wealth taxes of this kind will ultimately target every “wealthy” person in the state, with the term “wealthy” redefined in whatever manner leftists find useful from election cycle to election cycle." Remember that Social Security was originally only supposed to be an assist to the destitute. Then everyone. Then the payments outstripped the income. Then they massively increased the payments, supposedly into a "lockbox" for the future. Then the politicians "borrowed" from the lockbox to pay for largess for public works and probably a LOT of graft that we will never know about. Now the "loans" are due, are needed because the money is not sufficient to pay SS, and guess who has to pay to catch up? Yup, the average taxpayer. Government is REALLY, REALLY HORRIBLE at fixing these types of problems. Supporters will say, "but at least everyone is covered for retirement", but the reality is that anyone who ONLY depends on Social Security for retirement will live a retirement in poverty. The reality also is, if a plan was in place to have each person, EVEN people of modest or low income, required to save some of their own money in their own personal account to be invested in solid, approved, investments, almost everyone would retire comfortably. Then we fund a much smaller amount of people who were incapable of working and contributing to their own welfare. The same could be done for health care, outlining basic care plans and letting the market provide them and people to buy into them. Employers are already providing for a lot of employee healthcare. Elective care is paid for by buying a special plan or by the person directly. And, again, we could work toward funding the few who are hit with huge medical bill for unusual problems. But that plan would put the money beyond government control, which was the whole point to begin with. Control of trillions of dollars, people's retirement, and people's healthcare gives the politicians incredible POWER, and THAT was the reason they did it the way they did.

This isn’t a tax. They are confiscating wealth. And it isn’t just their money. They want a cut of unrealized profits from investments. It’s unlikely to survive appeal in the courts. But in the meantime their tax base is shrinking daily and significantly. The fools who vote for this will end up covering the shortfall out of their own pockets. Brilliant.

Cede California back to Mexico? Like hell! Suspend their statehood, put their congresspeople and senators on non-voting representational status only, put control of the state into the hands of a governing board like DC once had, all legislation passed must be approved by the board until further notice. Do away with the voting system that keeps Commucrats in power and hold new elections statewide to more accurately reflect the actual electorate. That's for starters. California can be saved but it's going to require major outside intervention. Don't say no right off .. sleep on it.

When it was first enacted, the income tax was only temporary, and only for the top earners. Now look at it. Almost everyone is hit by it, to the tune of thousands. Then add in all the other state taxes, fees and charges and most of us are near 50% confiscation rate. There are no temporary taxes. Politicians get addicted to our money and use it to build up their retirements. And people keep voting for that carp because they think it wont affect them.

I just don't understand why the liberal, for the most part, billionaires that push all this radical socialist trash on the people, now don't want to live that wonderful, socialist life! Misery for thee, but not for me!

As a Native Son of the Late, Great State of California, having left there in 1974 to join the military, it saddens me to see how far it has sunk. Growing up there in the 60's 60' and early 70's, there was no better place to be.

Try seizing money from the "wealthy" and they will leave the state. California will show an even bigger deficit, and the "tax" will creep to the well-off middle class. This will further the exodus for those with the means to do so. I was once a pilot and it's what we called a 'graveyard spiral'. Once in, you can almost never recover the aircraft.

California voters emigrate to come east? Like Somalis leaving Africa to infect the USA. They made their bed. Stay there.

I saw an article yesterday claiming that a number of billionaires are simply moving across Lake Tahoe to the Nevada side.