Same with California. They've been cooking the books for so long even they don't realize how bad it is. The state and local unfunded pension and other liabilities are over $1.3 trillion.
I'm hoping to be out of here before Newsom goes nuts and starts seizing everything. He's already floated the idea of continuing to tax people that have moved to other states.
They tried to implement this kind of tax in washington state and Jeff Bezos immediately left and took 50% of the wealth tax with him.
If Bill Gates leaves then 100% of the new tax just left…
All they have succeeded in doing is a MASSIVE increase in surveillance - previously they had to monitor your income. Now they have to double that infrastructure to monitor you for other assets. A complete nightmare at tax time…. And its only a matter of time before it is expanded to the middle class.
Same with California. They've been cooking the books for so long even they don't realize how bad it is. The state and local unfunded pension and other liabilities are over $1.3 trillion.
I'm hoping to be out of here before Newsom goes nuts and starts seizing everything. He's already floated the idea of continuing to tax people that have moved to other states.
The wealth taxes and the exit taxes look painful.
They tried to implement this kind of tax in washington state and Jeff Bezos immediately left and took 50% of the wealth tax with him.
If Bill Gates leaves then 100% of the new tax just left…
All they have succeeded in doing is a MASSIVE increase in surveillance - previously they had to monitor your income. Now they have to double that infrastructure to monitor you for other assets. A complete nightmare at tax time…. And its only a matter of time before it is expanded to the middle class.