Ooo let's make it nationwide then
post
“Leave” as in claiming their primary residence is in Florida while spending all of their time in California.
Puerto Rico does it right. In order to claim primary residence there you have to physically be there for something like 180 days of the year without any travel. States need to do that too.
California is pretty strict about taxing you if you spend too much time there.
I'm in Washington state (no state income tax) and have had colleagues who've spent a lot of time in California warned by payroll that they're approaching the limit on time before you're deemed a tax resident (maybe 180 days per year, but I'm not sure).
In particular, any part of a day spent in California counts as a whole day, as I understand it. So if you fly in on Monday evening, spend Tuesday and Wednesday, then fly back Thursday morning, it's 4 days.
They won’t leave. They’re just trying to scare idiots into voting for policies that only benefit the rich and their ilk.
Exactly they won’t move, this is like when people threaten to move if something happens, and when it does happens, nothing.
they tried this with zohran in nyc, none left. RICH people wont live in red hellholes like kentucy, nebraska or alabama.
A.) No they're not
B.) If they do, then good for everyone in California. Let them dodge taxes elsewhere.
If they weren’t paying taxes in the first place, their departure only improves the environment.
Taxes don't have to care where you live. If done properly, all that matters is where the assets are. You want to do more than $1B(or whatever number makes sense) of buisness in California? You need to create a California based subsidiary to handle it all. And share holders of that buisness pay tax on the value of those shares. Then it doesn't matter where Alphabet or Google or their CEOs are located.
The ultra wealthy said the same thing about New York City, they aren't going anywhere.
If you can't contribute anything but only take take take, then get the fuck out of the whole country while you're at it. And stay out!
This How Money Works video talks about these hollow threats. In short, they probably would leave anyway.
This happened in NJ and the billionaire who “left because of taxes” has both returned to the state since and pretty consistently stated he did not leave because of the tax hike and never said that was his motive. While I am sure these scumbags will do whatever is necessary to avoid paying taxes my point is don’t expect the media to not propagandize here.
The narrative being built is clearly one to make the average person think “increasing taxes on the wealthy will hurt us!” This is what happened in New Jersey. “If the tax increases are passed and David Tepper leaves it will cost the state hundreds of millions of dollars and ruin everything!”. It’s that domestic abuse shit; “you should just let me exploit the fuck out of you and if you don’t I’ll bail and it’s your fault for not letting me continue to do so”. Also fwiw while Tepper left NJ was fine and while his loss was notable to the tax budget it was not insurmountable by any means. NJ and California are already quite wealthy states.
I'm threatening to move if my landlord persists on collecting rent, that should get him to back off
Sure, go to Texas. See how they like people moving from California.
And remember: Thiel is gay. So I hope he gets the maximum dose of homophobia and hostility from ignorant, prejudicial Texan chuds, too.
He's also obsessed with the AntiChrist, which is a somewhat controversial identity status amongst Evangelical and Baptist Christians.
Your taxes don't mean shit to the state if all you do is look for reasons not to pay them, and don't pay them.
Let them flee all the way to Russia. Billionaires shouldn't exist in the first place.
We should hold a farewell party and hold them to it
No they won't.
Good, making California a more affordable place for California families. I hope one their platinum-plated private jets collides with the others gold-plated mega yacht on their way out and I never have to read this shit from their publicists again.
If he leaves the country maybe he'll take his puppet Shady Vance with him.
There's plenty of southern states with insanely regressive tax schemes these fuckers could live in.
But you know they won't. Doesn't Peter Thiel notoriously enjoy the liberal young men of San Francisco?
Greedy fucks should be totally stripped of their wealth wherever they go so as to (re)learn what its like down here with us
Are these the same billionaires who were going to leave New York? Or different ones?
How about taxing billionaires in all 50 states, a federal billionaire tax and all other countries impose a billionaire tax. Make them have nowhere to go.
People of California: Don't threaten us with a good time. (Also, not like their tax dollars will be missed)
Lol they already have like 500 homes in like 50 countries. Its either this or a series of Luigi Mangioni-like shootings and imo, I'd rather have these billionaires just pay their fucking taxes.
If they were going to leave it wouldn't be posted like this, as a threat in the news.

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