Yes and then the audit will be entertaining. If they have multiple properties and fuck up, they could easily maintain residence.

And whatever their residence is, if they do things that look like working while physically present in the state, they are at risk of being forced to pay.

Could be the only good use for flock. We now can show they've been in the state the whole time.

Estimates seem to vary but I've found a good few at 3 billion total from the wealthiest 200 Californians.

Also, given the article noted that:

Departing billionaires slashed projected one-time revenue from $100 billion to $40 billion, with Page and Brin's exits alone costing California $26.7 billion.

That implies the current tax revenue from billionaires would drop 60 or so percent. So, presumably tax revenue drops from 3 to 1.2 billion, just based on current flights (and ignoring knock on effects.)

So, no one else leaves and we don't count knock on effects, I'd guess it'd take ~ 21 or so years before this starts cutting. But, of course, knock on effects (folks decamp to say, Texas which seems to be snagging as many once Californian businesses as possible...) It's going to be a very interesting, depressing experiment. (Really feels like a race to the bottom but that's the America we know and,uhhh, love?)

avg income tax from billlionaires 10 m a year ONLY thats so absurdly low and 200 billionaires paying 2 b a year is like 1% of their billions? holy fuk we need to increase the taxes.