LOS ANGELES (AP) — As national Democrats search for a unifying theme ahead of the fall’s midterm elections, a California proposal to levy a hefty tax on billionaires is turning some of the party’s leading figures into adversaries just when Democrats can least afford division from within.
Bernie Sanders will be in Los Angeles campaigning Wednesday for the tax proposal that has the Silicon Valley in an uproar, with tech titans are threatening to leave the state. Democratic Gov. Gavin Newsom is among its outspoken opponents, warning that it could leave government finances in crisis and put the state at a competitive disadvantage nationally.
My personal opinion is that these wealthy people are already a drain. They use all of the resources without paying back into the system. Why would anyone care if they leave?
The Billionaire Flight From Wealth Taxes Myth
https://www.forbes.com/sites/teresaghilarducci/2025/12/29/do-wealth-taxes-really-make-billionaires-leave/
They’re hardly taxed anyway, and for most of them leaving is 100% a bluff. The expense of actually uprooting is enormous for an established titan of industry, as your source alludes to.
Just fucking make them pay taxes already, this is ridiculous.
And even if it wasn’t, it would be severely inconvenient. That’s a MAJOR dealbreaker for the most pampered group of people in the world.
Exactly. Make em pay or make em leave. These people dont need to be coddled – they need to be taxed out of existence