California

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Welcome to /c/California, an online haven that brings to life the unrivaled diversity and vibrancy of California! This engaging community offers a virtual exploration of the Golden State, taking you from the stunning Pacific coastline to the rugged Sierra Nevada, and every town, city, and landmark in between. Discover California's world-class wineries, stunning national parks, innovative tech scene, robust agricultural heartland, and culturally diverse metropolises.

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badbrainstorm@lemmy.world

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California Billionaire Tax Has Signatures Needed for Ballot, Backers Say (www.nytimes.com)

submitted 2 weeks ago by silence7@slrpnk.net to c/california@lemmy.world

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The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.

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[–] pinball_wizard@lemmy.zip 3 points 2 weeks ago* (last edited 2 weeks ago)

The one time revenue is 100 times bigger, even if you tweak N & M, your looking at 30ish years before the total revenue is less.

Yes. Plus, the billionaires will be back after other states get a taste and do the same.

Or maybe the parasites hide out in Wyoming or something, in which case, probably a net win all around. Wyoming gets a massive income tax bump, and everyone else gets to be rid of the parasites.