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Comment by kccqzy

1 day ago

The amount here is not immaterial. Which is why this tax won’t be like other taxes predicted to cause individuals to move.

If you're a billionaire, it's going to have precisely no impact on your lifestyle. It's a non-issue.

  • California, more so than other places, have a lot of paper billionaires living a middle-class lifestyle because these billionaires are tech founders that hold illiquid ownership in their own startups.