Time to move from California!

[hislegacy]

California Democrats propose a wealth tax which taxes you even after you leave the state

That’s right, the Democrats want to tax the wealthy for ten years AFTER they move out of California.

 

[Original Happy Camper]

I do not believe that would pass the test of constitutionally

 

[solid_core]

California Democrats propose a wealth tax which taxes you even after you leave the state

That’s right, the Democrats want to tax the wealthy for ten years AFTER they move out of California.

30 million dollars of personal net worth excluding real estate. Haha. Yeah, move from California quickly or it may be you!

 

[Mountainmanbob]

California Democrats propose a wealth tax which taxes you even after you leave the state

That’s right, the Democrats want to tax the wealthy for ten years AFTER they move out of California.

They are going crazy here.
Next?
Tax your steps taken each day.
M

 

[Arcangl86]

30 million dollars of personal net worth excluding real estate. Haha. Yeah, move from California quickly or it may be you!

And the tax is a whopping .4%. Inflation is usually around 3%. The people affected by this tax probably won't even notice it.

 

[Lord Vega]

California Democrats propose a wealth tax which taxes you even after you leave the state

That’s right, the Democrats want to tax the wealthy for ten years AFTER they move out of California.

California is on the verge of becoming a failed state. In many respects, it already resembles a third-world country. They're desperate to keep all the wealthy people there to avoid going bankrupt. As it's been said before, socialism works--until the government runs out of other people's money, then it fails.

 

[Mountainmanbob]

Can't tax people when they move out of State.

California slip sliding away.
And not into the sea.
M

 

[civilwarbuff]

I do not believe that would pass the test of constitutionally

I most likely wouldn't but it certainly passes the test of possibly the most moronic piece of legislation ever offered in CA.

 

[Sparagmos]

California Democrats propose a wealth tax which taxes you even after you leave the state

That’s right, the Democrats want to tax the wealthy for ten years AFTER they move out of California.

Sounds good to me! If we don’t address the gross economic inequality in our country the ultra rich will be in danger of more than a tax. Historically, when it gets this bad you start to see people take desperate and even violent measures. I’d much rather fix the inequality peacefully that see a revolution. Many idealize revolution but I have no desire for it.

 

[Sparagmos]

California is on the verge of becoming a failed state. In many respects, it already resembles a third-world country. They're desperate to keep all the wealthy people there to avoid going bankrupt. As it's been said before, socialism works--until the government runs out of other people's money, then it fails.

Well yeah, if the rich have taken all of the resources and are hoarding them, then leave with them, the people left will be poor.

 

[civilwarbuff]

Sounds good to me! If we don’t address the gross economic inequality in our country the ultra rich will be in danger of more than a tax. Historically, when it gets this bad you start to see people take desperate and even violent measures. I’d much rather fix the inequality peacefully that see a revolution. Many idealize revolution but I have no desire for it.

There is an easy solution to that: Get out and risk your own capital, work 70+ hours a week, sacrifice personal time for work time and earn your share of the pie. That is a much better solution than simply expecting others to hand over their pie after they sacrificed for it(though that may be good socialist policy).

 

[civilwarbuff]

Well yeah, if the rich have taken all of the resources and are hoarding them, then leave with them, the people left will be poor.

Well it seems according to you they are already poor so where is the difference?

 

[Sparagmos]

Well it seems according to you they are already poor so where is the difference?

Maybe read the post I responded to.

 

[Sparagmos]

There is an easy solution to that: Get out and risk your own capital, work 70+ hours a week, sacrifice personal time for work time and earn your share of the pie. That is a much better solution than simply expecting others to hand over their pie after they sacrificed for it(though that may be good socialist policy).

What a joke.

 

[Mountainmanbob]

Well yeah, if the rich have taken all of the resources and are hoarding them, then leave with them, the people left will be poor.

That's what they get for running them out.
While other States welcome them
why stay in hostile territory?
M

 

[solid_core]

There is an easy solution to that: Get out and risk your own capital, work 70+ hours a week, sacrifice personal time for work time and earn your share of the pie. That is a much better solution than simply expecting others to hand over their pie after they sacrificed for it(though that may be good socialist policy).

You will not get 30 million dollars net worth (estate exluded) just by hard working, if you start as a poor person. Not in this universe.

You must be from a rich dynasty or have some exceptional business luck (like Facebook or Microsoft founders).

 

[Sparagmos]

That's what they get for running them out.
While other States welcome them
why stay in hostile territory?
M

That was a hypothetical. Poor people aren’t running the rich out of California. The rich are quite comfy there.

 

[Mountainmanbob]

You will not get 30 million dollars net worth (estate exluded) just by hard working, if you start as a poor person. Not in this universe.

False, ex wife got 15.
M

 

[civilwarbuff]

What a joke.

If you are referring to 'good socialist policy' I agree with you.

 

[civilwarbuff]

Maybe read the post I responded to.

So?