Why are so many billionaires moving to California? What are they planning? What do they know that normies do not?
>>545889181Silicon Valley
>>545889181It says "added" not "moved to"Important difference.
You ever been to California?It rocks
Because it's a nice place to live. >but 70 IQ ghouls on /pol/ told me Gavin Newsom destroyed it!And you're a 60 IQ ghoul for believing it.
>>545889181LA and San Fran are magnets
>>545889380It says something that billionaires feel most comfortable around spics and faggots.
>>545889487It’s because they’re easy to control.
7 publicly known billionaires left California ahead of the proposed one-time 5% wealth tax (Prop 40), removing roughly $540 billion in wealth (~30% of the tax base). They include Larry Page, Sergey Brin, Peter Thiel, Travis Kalanick, David Sacks, Don Hankey, and Steven Spielberg. Additional quiet departures are considered likely. A Stanford/Hoover NBER working paper by Benjamin Jaros and Joshua Rauh estimates the tax would raise only ~$30 billion (range $28–36B), far below the ~$100B claimed by supporters. Permanent annual state income-tax losses from the departures are projected at $1–3.5 billion (with broader billionaire contributions estimated at $3.3–5.8B/year). In present-value terms, these ongoing losses exceed the one-time wealth-tax haul by an average of ~$39 billion (negative NPV in 85% of simulations).
>>545889665That has been the meme for years. >OMG, billionaires are fleeing California!!!A few left. Way more arrived. That's why you have to look at the overall numbers, and not individual anecdotes.
>>545889665Now do Seattle.
I feel good around Mexicans and Liberals.
>>545889259This I'm voting blue they are the best
>>545889181no property tax, so they buy more property, meanwhile in texas no income tax (until now), so they make more jobs there, it is that easy
California is most of the west coast. The east coast has many more in the same space.
>>545889181Despite the seethe, California is the best place to live if you are rich. All of these people live in extremely gated communities and little towns, to the point where a place like Beverly Hills is considered "mid tier" to them.
>>545890640>Live in West Hollywood >Gay as hell, but can't complain about the good food, clean infrastructure, good community and parks>Cleanest area I've ever been in when I've only lives in dumps and hood areas before>Thought I was finally moving up>Waiting at the corner one day>Rich looking girl video calling someone and speaking out loud>"Oh my GOD! This place is SO ghetto!"I don't even know man.
Newsom promised them no billionaire tax.
>>545889536This is literally how jews think.
>>545891073Newsom will not bite the hand that feeds him.
I feel bad for not moving to California when I was younger. I'm such a retard.
>>545889181Why are you assuming they moved to California after they became billionaires rather than they were already living there when they became billionaires? Given the the IPOs this year and the fact that the stock market has been on a 4 year bull run it's retarded of you to assume the former
