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.