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andym

(6,060 posts)

4. State level billionaire tax is impractical: State level can't work as most billionaires will just leave for red states

Reply to GJGCA (Original post)

Wed Feb 18, 2026, 12:30 PM

Wednesday

their new projects will invariably be created in the red states they move to. Their original blue state will lose future economic development and tax revenue basically. Newsom understands the problem. If Bernie wants such a a tax, it needs to be national.

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Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires [View all] GJGCA Wednesday OP

This should be fought on the national level newdeal2 Wednesday #1

I agree, this shoud be done at the national level; however, I can understand why states like CA c-rational Wednesday #2

CA billionaires are mostly software, hardware, AI leftstreet Wednesday #3

Jensen Huang is worth nearly $50 billion. Initech Wednesday #6

Hardware + Software makes up a substantial part of CA economy andym Wednesday #9

Healthcare and retail employ more leftstreet Wednesday #11

It may not be the biggest employment group, but 20% of all jobs in a state would be considered a significant loss andym Wednesday #12

State level billionaire tax is impractical: State level can't work as most billionaires will just leave for red states andym Wednesday #4

Do you have any position on this, GJGCA? Prairie Gates Wednesday #5

Not sure. GJGCA Wednesday #10

This message was self-deleted by its author W_HAMILTON Wednesday #7

Post removed Post removed Wednesday #8

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