patrick.net

Come to think about it CA loosing about 30-40k in taxes from wife and I. How many tax contributors leave before they fail?

The proposed "Wealth Tax" on folks with > $30 million in assets will result in reduced tax collections. Those are the most mobile people. They will leave. Then, not only will they not collect the wealth tax, but they will also lose the already-high-other-taxes they were collecting from those folks. It will be a Death Spiral. Sheesh.

On a related topic, there has been a Conspiracy of Silence from Sacramento, and local governments, on tax collections to date. Meanwhile they have kept right on spending as if it were still good times.

B.A.C.A.H. says

On a related topic, there has been a Conspiracy of Silence from Sacramento, and local governments, on tax collections to date. Meanwhile they have kept right on spending as if it were still good times.

They holding out to see who wins. If Biden wins they get bailed out. If Trump wins they blame the budget monster that they created on Trump and the virus.

B.A.C.A.H. says

The proposed "Wealth Tax" on folks with > $30 million in assets will result in reduced tax collections. Those are the most mobile people. They will leave. Then, not only will they not collect the wealth tax, but they will also lose the already-high-other-taxes they were collecting.

Exactly what already happened in NJ.

In the Dem get full power, look for more of this "California Wealth Tax (AB 2088 as amended)." Only with a twist. We could have a national wealth tax collected from the high earners, but then remitted to the states according to population density or "need." That way the rich guy pays the tax and states like California benefit even if the rich guy moves.

Booger says

B.A.C.A.H. says

The proposed "Wealth Tax" on folks with > $30 million in assets will result in reduced tax collections. Those are the most mobile people. They will leave. Then, not only will they not collect the wealth tax, but they will also lose the already-high-other-taxes they were collecting.

Exactly what already happened in NJ.

They’ll amend 30 mil to 250k, then to 100k and soon everyone will be paying wealth tax.

They’ll amend 30 mil to 250k, then to 100k and soon everyone will be paying wealth tax.

Yep, we all know how the income tax was originally only to be applied to the Rockefellers, Carnegies, and Morgans level wealth.

What is richly ironic is I have a tiny business with California government clients and I raised my fee, while a guy does the work now and I will skim a little bit of dough while living out of state.

I’m going to get a few bucks back from California, although it will take a few years to get it all back.

New avatar, although it was almost this image:

Is that a real image? What was going on?

It's a dumb kids joke. The gesture is known as a dab. It's used to signify greatness or domination over others. It started as a coughing into elbow gesture from smoking concentrated marijuana and just took off. It's been around for 5 or 6 years now and seen as childish banter.

But Trump wasn't actually making that motion deliberately, was he?

My brother-in-law moved down to Tijuana in the past year. Couldn't afford his apartment in Chula Vista anymore. My boss used to live in Bay area, currently resides in Minnesota. Also have a couple other co-workers residing out of state during Covid.

Probably already mentioned, but official stats put this as the first year California lost more than gained. They only kept up past years due to illegals and in-state births.

Make California Mexico again!

Not actually advocating that, but it is happening right before our eyes.

Patrick says

Make California Mexico again!

Not actually advocating that, but it is happening right before our eyes.

Bringing along all the negatives, even though ita part of US.

I still say Trump should shake up this election even more and announce a plan to "acquire" Baja California from Mexico.

BayArea says

Ca exodus is a farce.

Sure people are leaving. But plenty are coming

Huh?

I think there at least 10 million more people in this state than they claim, and yeah, more are coming. Problem is, they aren't necessarily the population you want.

This place is so effing crowded to the point of just getting around is a time consuming struggle. Covid helped in that regard, but traffic is picking up again. And I don't live in the most crowded parts.

B.A.C.A.H. says

BayArea says

Ca exodus is a farce.

Sure people are leaving. But plenty are coming

Huh?

We know people are coming just look at all the new homeless.