Genuine question here, probably showing my ignorance: Would a billionaire tax only in California not just encourage billionaires to leave California? To my mind, one state implementing the tax isnt good enough, or even productive if they can just go elsewhere and keep being billionaires in a broken country. It needs to be federal to be beneficial. Granted, the optics are not great, a corporate Democrat seemingly choosing rich over workers. It just seems like there’s room for nuance.
Comment on Tax billionaires, insure millions: The CA wealth tradeoff
unitedwithme@lemmy.today 2 days ago
Isn’t Newsom now going back on that trying to make it not happen?? Nor in the future,too, iirc!
slowmolaggins@thelemmy.club 2 days ago
impairedimperator@lemmy.zip 2 days ago
Billionaire like living in nice places. Rich people that threaten to leave almost never actually follow through on those threats, because even the nicest compound in Mississippi is still in Mississippi.
unitedwithme@lemmy.today 2 days ago
I think if CA implemented it, the hope would be other States follow suit. I think because billionaires spend their time moving between vacation homes and multiple properties, it may or may not even impact them much, if at all. The ones it does impact, they would probably have some verbiage written in there to sound good but not really have much of an actual effect. Remember, the billionaires are who donate big money to reelection campaigns, and Newsom probably lost his backbone at the right of losing his “power” and position. It’s theater, really…
So many policies already protect the billionaires class, their big businesses, and assets; and that’s by design. That’s why I (and so many others) argue there’s no “left vs right” (distraction) it’s truly class warfare.
slowmolaggins@thelemmy.club 2 days ago
Thanks for the reply. I don’t disagree with a single point you’ve made. The hope that it would spread to other states is predicated on success. If it isn’t successful there, it would be dead in the water everywhere else. It very much seems like the scale of the money itself has already outstripped the possibility of legislation targeting it.
AviAdi@suppo.fi 2 days ago
The liberals cannot imagine a world were they get their overlords mad. We need a firing squad 😀
Deckname@piefed.social 2 days ago
Wdym? You’ll have live executions by firing squad soon…
NathanRanch@lemmy.zip 2 days ago
His Yandex data center burned down show some respect /s
AviAdi@suppo.fi 2 days ago
Found the libtard
Rivalarrival@lemmy.today 2 days ago
That shit is going to backfire on them, spectacularly.
Doomsider@lemmy.world 21 hours ago
Just like the French revolution the victims will mostly be commoners like you and I. Be careful what you wish for