Californias 1-time wealth tax on worldwide assets over $1 billion may become a permanent yearly tax. It’s funny how promises of a 1-time tax always seems to evolve into something more. Time to pay up billies!https://nypost.com/2026/05/07/us-news/california-billionaire-tax-author-admits-wealth-grab-could-go-further/
lmao, I'm almost dead. My kids are the ones that are going to be fucked HAHAHAHAAHHA
What happens if all the billionaires leave?
>>535908207no one could have seen this coming
>>535908207Everybody knew this. Leftists and Democrats want to Tax Middle and Upper middle class . This is how it ALWAYS HAPPENS. All tax increases are ALWAYS PAID BY THE MIDDLE CLASS. And you have to be dumb to believe otherwise. They want YOU Bankrupt.
>>535908725ummm... you can't just leave!
>>535908725This tax is retroactive to any billionaire living in the state as of January 1st, 2026
>>535908725>What happens if all the billionaires leave?Majority of billionaiers already left. Including Musk , and 15 others. They want to tax Middle Class.
>>535909008watch for some kind of departure tax. its been suggested for canadians wanting to leave canada.
>>535908320Your kids are billionaires?>>535908725They can enforce the tax by saying that there are no loopholes, like they do for foreign poor Americans, or they can pretend they can not enforce it, like they do with borders (unless it's in Israel or somewhere else important).
>>535908207good, I mean it's a start anyway
>>535908207>Time to pay up billies!It's the middle class that's taking the hit on this, not the fucking tech billionaires.
>>535908207BASED!!! FUCK BILLIONAIRES AND THEIR GOLEMS WHO DEFEND THEM!
>THINK OF THE POOR BILLIONAIRESjfc pol is comped to fuck and back
>>535909147>5% levy on California residents with assets exceeding $1 billion>middle class?
>>535909078There are around 200 billionaires in California. Less than 10 have left within the last 5 years.
>>535909217>can't read >OP says "author admits wealth grab can go further".What does FURTHER mean , idiot? Anyone who earns over $150K? I.E. any random Software engineer, who now lives in cars and vans?? Because boomers so overpriced Real estate, that nobody can buy it?
>>535908988It seems there are many laws against being a nuisance. You can't mow your lawn in the evening in most economic zones, for example. And you can't paint your house in pink. HOA and zoning laws. But if you become a nuisance by hoarding and restricting other people with resource deprivation, you are allowed to do it, because you just bribe the government until they let you do it. Then you pay for marketing to make your crap inefficient corporate product look like peak shit, and you like a great philanthropist and inventor.
>>535909217Wealth tax on assets over $1 million is step 2
>>535909217Oh, so it's a thrown bone and will not amount to anything at all. Nevermind then.
>>535909352Retard. There's never EVER a billionaier tax. Not ONCE this ever happened . They want to charge poor software engineers who earn $150K and can't afford to buy property , and leave in WANS and CARS on the street.
Actually…good
>>535909397>>535909423there's no mention of that, just them saying it could become permanent
>>535909423Why are there low taxes for the poor?
>>535909489To be fair, they are all going to be unemployed before any tax could hit them.
>>535908207It's not a billionaire tax, it is asset stripping.
>>535909043Ex post facto laws are unconstitutional.
PLEASE LET THE GOOD INTENTIONED BILLIONAIRES BUY UP ALL OUR ONLINE PRIVACY AND MANIPULATE EVERY ELECTION! MAGA!
>>535909653That's what they get for manipulating the politicians into letting corpos buy up all the homes for far too long. Also for replacing everyone that was born here with brown people.
>>535908207Billionaires like Jeff Bezos are actually acknowledging that they get too large a share of the money and that they should pay more in taxes. I think they just see the writing on the wall with the masses losing jobs to automation and AI and they seek to placate everyone with UBI, AI VR and robot servitude before the troubles start. Because placated humans dont kill and bomb and do things out of spite / revenge / religion, and theres enough to go around when the robots are just doing all the shitty stuff for us and giving us the fruits of their labor.
>>535909575>doesn’t know about JewsOh sweet summer child
>>535909580That’s step 3
>>535909653The fact that it’s on worldwide assets, including unrealized gains, is ridiculous.
>>535908207/pol/ is filled with retarded brownoids who think that taxes are good because government grifting and politicians enriching themselves is based national socialism
>>535909575>there's no mention of that,oh well thats ok then. phew
>>535908207
>>535908725Becausr of how taxes work, they'd still look at what you made the year before taxes are due. So, if you made millions in 2025, then left before the next tax year, it wouldn't matter, you'd still have to file for CA taxes. When anyone moves between states, you often have to file for taxes in 2 or more states.
>>535908725Then if the assets are in equities, the state of California will take a portion of the equity of the company, or eminent domain physical locations of the company within the state. If they don’t have a presence within the state, then they can’t do shit
>>535908207>assets over $1 billionDo temporarily embarrassed billionaires really?
