General Discussion

newdeal2

(4,765 posts)

4. They would have to move in the next day to avoid the retroactive tax?

Tue Dec 30, 2025, 10:33 AM

Dec 30

I doubt this measure will hold up, at least in the way it is currently written. Also, why aren't his clients publicly speaking up if they're so proud of their position?

Edit history

Please sign in to view edit histories.

Recommendations

4 members have recommended this reply (displayed in chronological order):

amortus716 intheflow CousinIT berniesandersmittens

92 replies

= new reply since forum marked as read

Highlight:

Gavin Newsom warned that billionaires will 'permanently relocate' if California wealth tax passes [View all] CoopersDad Dec 30 OP

Don't let the door slap you on the ass on your way out, parasites. Ocelot II Dec 30 #1

You beat me to it SheltieLover Dec 30 #27

Parasites is EXACTLY what they are. USS_Dauntless Wednesday #87

I guess that will open housing for people who pay taxes. NT Gore1FL Dec 30 #2

Newsom's response should be: CousinIT Dec 30 #3

Newsom dweller Dec 30 #8

Ugh karin_sj Dec 30 #23

Ugh. CousinIT Dec 30 #26

Better get the nose clips ready. BannonsLiver Dec 30 #30

Most of those people Boo1 Dec 30 #50

They would have to move in the next day to avoid the retroactive tax? newdeal2 Dec 30 #4

The BILLIONAIRE Class have become the WHINER class. ProudMNDemocrat Dec 30 #5

It is called greed Stargazer99 Dec 30 #6

They are as addicted to money as any heroin addict is addicted to heroin. travelingthrulife Wednesday #76

I think they should whine louder and more publicly EYESORE 9001 Dec 30 #20

They always have been Johonny Dec 30 #22

Is it 1 or 5%? Either way, they can afford it, just curious which is correct? Jmb 4 Harris-Walz Wednesday #71

Make it a National Law, save SS Law. multigraincracker Dec 30 #7

Yes! SheltieLover Dec 30 #28

"So, what's the bad news?" nt Buns_of_Fire Dec 30 #9

Good Riddance! NT Daigan Dec 30 #10

I honestly think a majority would gladly have the Kardashians (and of course, Musk) depart California... hlthe2b Dec 30 #11

Contribute to the common good or goodbye. C_U_L8R Dec 30 #12

Money hoarders UpInArms Dec 30 #13

"Sometimes the coppice needs to be cleared lest it becomes a hedgerow." Hugin Dec 30 #14

Hey MAGA, it's not the immigrants who are ruining America! It's the billionaires! Initech Dec 30 #15

Bye.. .... Lovie777 Dec 30 #16

The state of California's economists have projected that this tax would result in a net loss of revenue Jose Garcia Dec 30 #17

Link? nt drmeow Dec 30 #32

New York Times: Jose Garcia Dec 30 #34

I keep hearing that they don't pay any taxes anyway MichMan Dec 30 #43

These entitled assholes... GiqueCee Dec 30 #58

Typically a billionaire will be shielded from direct income tax PCB66 Wednesday #74

Point taken... GiqueCee Wednesday #91

Feels like a poison pill measure designed to get GOP Johonny Dec 30 #18

It could probably get renewed every 5 years MichMan Dec 30 #38

They are his peeps though Blue Full Moon Dec 30 #19

Good riddance, assholes! karin_sj Dec 30 #21

California will be better without them. spanone Dec 30 #24

Are you sure about that? pcdb Dec 30 #48

They don't pay DiverDave Dec 30 #61

They won't leave. intheflow Dec 30 #25

As long as they take Zuckerberg with them Retrograde Dec 30 #29

Wealth Taxes should be at the Federal level not State level walkingman Dec 30 #31

Totally agree with you, however, our inept president would never allow it. Jmb 4 Harris-Walz Wednesday #73

I believe there would need to be a constitutional amendment MichMan Wednesday #81

As far as a "direct tax" but couldn't you raise the tax rate based on income? walkingman Wednesday #88

Sure, but that isn't a wealth tax, like people are advocating for here. MichMan Wednesday #89

I see, I agree to claw back wealth would never work. They would just go offshore walkingman Wednesday #90

Spiro is a F'ing con man. haele Dec 30 #33

Spiro is a scumbag Hassin Bin Sober Dec 30 #46

Silly billionaires. hunter Dec 30 #35

California will be better off when these leeches leave. bluestarone Dec 30 #36

Not a good idea jonstl08 Dec 30 #37

Of course they will? OC375 Dec 30 #39

50 million dollars one time kwolf68 Dec 30 #40

So California will lose the tax money of people who don't pay taxes? LostOne4Ever Dec 30 #41

Massachusetts was warned that the wealthy would flee if a wealth tax was instituted. TheRickles Dec 30 #42

How will the government determine how much they owe? MichMan Dec 30 #44

The low cost of living has never been a reason to live in California. Buddyzbuddy Dec 30 #45

I hope they don't come to my state. BoomaofBandM Dec 30 #47

Can they please move out of the US altogether? Luciferous Dec 30 #49

Well, that's a good thing, isn't it? Scrivener7 Dec 30 #51

Where they gonna move? Alabammie, for the lifestyle, right? bucolic_frolic Dec 30 #52

Lol like how all the billionaires said theyll leave MA after their progreesive tax was passed? SSJVegeta Dec 30 #53

Why are they in CA to begin with? Because they like it there. Maybe it's the weather. Intractable Dec 30 #54

If they're willing to brave the threats of fire, earthquakes, floods, coastal erosion, etc., they'll leave over a Jmb 4 Harris-Walz Wednesday #72

Billionaires will not ignore an entire economy as large as California. unblock Dec 30 #55

Doesn't mean they have to live there to have investments MichMan Dec 30 #66

Who cares if they leave? Their money is their only leverage. unblock Dec 30 #69

There Goes John Galt lame54 Dec 30 #56

NYC Billionaires said the same thing if Zoltan Mamdani were to be elected Mayor. no_hypocrisy Dec 30 #57

You just nailed it. CoopersDad Dec 30 #65

Is that a threat or a promise...? regnaD kciN Dec 30 #59

What a terrible headline -- someone trying to take down Newsom? W_HAMILTON Dec 30 #60

I'll still vote YES... just for s&g WarGamer Dec 30 #62

Tax evasion is illegal. Patton French Dec 30 #63

It's "Tax Avoidance" not Evasion DUU Wednesday #86

This is just Billionaires leveraging their enormous privilege thought crime Dec 30 #64

if every state did this, then where would they move? Takket Dec 30 #67

"Right after I got here, i ordered some spaghetti with marinara and got egg noodles with ketchup" maxrandb Dec 30 #68

This message was self-deleted by its author Celerity Wednesday #70

Good riddance. travelingthrulife Wednesday #75

No doubt, they would all love moving to Texas... dlk Wednesday #77

Wait till he's President. Kid Berwyn Wednesday #78

you know what ought to be done to explain the tax is Dyedinthewoolliberal Wednesday #79

If we do not tax billionaires we will not have a democracy delisen Wednesday #80

So, they will declare Bettie Wednesday #82

The younger generation are noticing! MenloParque Wednesday #83

IANAEM. I am not an English Major, but "Gavin Newsom warned" has two opposite meanings. usonian Wednesday #84

The "wealth tax" seems like one of these demagogic gimmicks gulliver Wednesday #85

Not only that, stocks change value daily, even hourly MichMan Wednesday #92