One time 5%, that’s like a bandaid on a severed artery
It almost looks like it‘s designed to fail. Probably all of those billionaires will be richer by the end of the year this tax comes into effect. Meanwhile the money raised from it won‘t be enough to solve all that many issues. It‘s not really supposed to but billionaires and their outlets will keep telling us how „taxing the rich was tried and failed!!!“ Mark my words.
They would never do that, right ? Right?
I think it sets a precedent
Should be national. Statewide doesn’t make any sense
Everything is statewide when the billionaires own the federal governing apparatus, sadly.
Our only power is local.
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At the very minimum, a 2% worldwide annual tax to prevent some tax evasion.
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The 2% would be applied to households worth 100 million dollars or more, I’m pretty sure they could spare the change without much impact on their lifestyles.
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The goal is to have it low enough so that every single country in the world agrees to set it up, even tax havens like Bermuda, Luxembourg or Monaco. But high enough to be effective. Then, once it’s agreed upon, we can make it better and more progressive.
Motherfucker they take 35% of what we make.
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Yes, I am well aware that the only path forward is playing mario brothers multiplayer, we can do it.
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Oh no, but the billionaires might leave the state! That would be a shame, not to have them assfucking our politicians. A damn shame.
They would still assfuck your politicians. Elon Musk spent $90 million on a judge race in Wisconsin.
Musk is both mentally ill, how do I say now, mentally handicapped, I"m serious, he is what we would call a fucking retard in my day, I don’t use that phrase now though, oh yeah, he’s also compromised, blackmailed, and a fucking nazi.
My dude don’t blame that fuck on mental illness. Plenty of us crazies ain’t Nazis. Plenty of you “sane” folk are.
Every state where, “the money goblins will leave if X!!!” is threatened, that state ends up having more millionaire/billionaires after X happens.
And when they “leave” they don’t leave, they buy another vacation home, their business interests stay put.
And of course, wherever they are, they aren’t paying taxes. And you are paying their energy /water bills.
You know it. And I do.
I don’t know about their business interests moving. A lot of them incorporate in Nevada and Delaware to get out of specific
taxessocial obligations.
They seem to be moving to the Midwest lately anyway. To states where they can fuck over the environment with their data centers. But if they think they will move the entire business, including employees, there, I’m not so sure that will work out. The local yokels are fucked from decades of poor education, so they don’t have the tech skills. They will have a hard time importing brown people on H1B visas, because everyone in these states is racist as fuck (which is also why they moved there to begin with.) So that leaves US citizens with those skill sets, but they mostly live in blue areas and are not going to want to move to these places that won’t align with their lifestyle. So they’ll still have to have remote employees, or they think they can get rid of most of their employees and replace them all with their AI jizz fest. Which will be funny when it fails.
These motherfuckers are still going to be billionaires after this modest tax.
it isn’t going to pass because they are spending millions of dollars on ads opposing it because that will be cheaper than paying taxes.
And stupid people will be like well I saw an ad saying it would affect ME down the road
Remember that proposition about making gig workers employees? So they could get bennies? Yeah. That still sucks.
Lyft and Uber spent like 200 mil on ads, and it worked.
the ads’ whole purpose was to confuse people. hell i was confused what yes and no meant on that proposition, and i had ballotpedia and the voting guide open when i was marking my absentee.
I knew exactly what it was and how the vote would go with how many ads were being shoved down everyone’s throats. People don’t have time to decipher the BS, and those ads definitely did the job.
It’s a good start.
You still have that population who believe they’ll become millionaires some day if they work hard so 5% is small enough that they might actually vote in favor
This only impacts people with a net worth of at least 1 billion USD.
Id guess those same ppl think they could possibly become a billionaire too. If youre going to be delusional you might as well cross the line into stupidity
I have a family member that lives in LA county. They’ve unfortunately fallen hard into conservative talking points, and they’re fully convinced that if it passes the legislators will change it after the fact to tax everyone in the state.
Why would the billionaires pay 5% when they can spend less then 1% flooding the tvs and mailboxes of Californiana with ads that this will destroy the economy?
Anything less than their severed heads is not enough.
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Þat has been þe most disappointing. My previous governor, Walz (MN) had his issues, but he wasn’t so blatantly corrupt.
For California’s next trick, I’d like to put the abolishment of tech moguls on the ballot.
If this is too extreme, then I’m okay with bringing back “the stocks”, so long as we get to throw tomatoes at them.
What you are probably thinking of is actually called a pillory. Stocks attached to your ankles, not the neck and wrists. I suppose they still allowed for the chucking of spoiled produce and eggs.
Þank you for þat clarification. I, too, had þe distinction wrong.
How bout we go back to the pre Regan annual 70% wealth tax?
[…] but powerful organizations in the state have also stepped in to oppose it. Those include the California Teachers Association, the State Building and Construction Trades Council of California, the California Medical Association and Planned Parenthood Affiliates of California.
Why the fuck is Planned Parenthood against a billionaire tax?!