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The Mouth

(3,411 posts)

61. I didn't quote, or refer to the Laffer curve, that was someone else

Thu Jan 8, 2026, 06:51 PM

Jan 8

My entire point:
Kill the goose that lays the golden eggs. In other words if Sacramento taxes wealth (instead of concentrating on how to tax deferred income via the usual tricks CEO's use) the people they want to harvest money from will just move. I would if I had multiple millions. Not matter how nice California is, living here isn't worth 10 percent, or even 1 percent of my entire wealth every year.

There are things that would be equitable and effective in fiscal policy; taxing WEALTH of billionaires will simply result in less money.

If someone can't see the difference between that, and the back of a napkin theory that by lowering tax rates and a handwave we get more tax money, then that's their problem.

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Abolishinist

61 replies

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Highlight:

Google co-founder leaves California amid billionaire wealth tax [View all] BumRushDaShow Jan 7 OP

Na na na na hey hey goodbye! Ritabert Jan 7 #1

Well sheshe2 Jan 7 #2

All of the privileges of living in the US which helped him get so rich. Irish_Dem Jan 7 #3

This won't affect his federal taxes, only his state taxes Jose Garcia Jan 7 #13

ha. he probably doesn't pay federal taxes. Irish_Dem Jan 7 #15

Probably gets DiverDave Jan 8 #56

Yep subsidies from the US taxpayer. Irish_Dem Jan 8 #57

"It worked!" say Californians as they high-five eachother. Scrivener7 Jan 7 #4

Now Deleware should implement a billionaire tax. Good riddance, asshole. kysrsoze Jan 7 #5

Deleware should charge a wealth tax Puppyjive Jan 7 #6

Unlikely Deep State Witch Jan 7 #16

Corporate law is one of the major things that needs to be re-done if the US is ever BComplex Jan 7 #28

We money spending consumers bake the economic cookies, the rich eat most of them and leave us the crumbs. nt Exp Jan 7 #7

A wealth tax to fund healthcare Bayard Jan 7 #8

They should charge him a leaving tax Mr. Sparkle Jan 7 #9

LOL!! Brilliant!! BComplex Jan 7 #29

It's a double edged sword The Grand Illuminist Jan 7 #10

It's been working out well in Massachusetts, which actually has more millionaires now TheRickles Jan 7 #22

Totally different, not the same at all. Abolishinist Jan 8 #50

True, but they're both aiming for the same redistributive goals, though via different means. TheRickles Jan 8 #55

Regadless of when he left, if the wealth tax is approved he will have to pay because it is retroactive to 1/1/25 and in2herbs Jan 7 #11

The Constitution specifically prohibits states from passing retroactive laws Jose Garcia Jan 7 #14

With regards to criminal laws, yes, but not with regards to civil laws. See below: in2herbs Jan 7 #33

Good riddance. Martin68 Jan 7 #12

Killing the goose that lays the golden eggs The Mouth Jan 7 #17

Check the tax rates under Reagan Easterncedar Jan 7 #19

The problem is that the rich can just up and move The Mouth Jan 7 #47

That makes corporations sound like they are necessarily benefitting their State in kind. BComplex Jan 7 #30

The Laffer Curve was debunked long ago DBoon Jan 7 #43

Wealth is mobile The Mouth Jan 7 #48

The Laffer Curve proposed that lowering taxes creates overall economic prosperity DBoon Jan 8 #52

I didn't quote, or refer to the Laffer curve, that was someone else The Mouth Jan 8 #61

How fucking greedy can you get? Ray Bruns Jan 7 #18

These money-hoarders have an addiction to money. MLWR Jan 7 #20

I think the oldigarchs addiction to money and power is because they will soon be dead , afraid their power will wane, in2herbs Jan 7 #34

Not dead fast enough. diane in sf Jan 7 #38

I agree! nt in2herbs Jan 7 #39

It is game to the super rich SheLiberal Jan 7 #41

Welp Pas-de-Calais Jan 7 #21

Oh, boo, hoo, hoo... Pay your damn fair share... electric_blue68 Jan 7 #23

Thanks California for helping us become billionaires Smilo Jan 7 #24

Hahaha! One more billionaire mansion in Texas they can't sell. Joinfortmill Jan 7 #25

Isnt Gavin Newsome against this tax? Callie1979 Jan 7 #26

Ballot Analysis of Initiative 2025-024 quaint Jan 7 #27

Page moved, but the major companies of Alphabet haven't. CA may be a little tax poorer, but not enough to affect ancianita Jan 7 #31

If you sleep on someone's couch and you don't pay rent, you're a moocher. Initech Jan 8 #58

I hear you. ancianita Jan 8 #59

Link to text of initiative, California Secretary of State office GJGCA Jan 7 #32

The sun in California shines a bit brighter today Sweet Rosie Red Jan 7 #35

Bye, Felicia. QueerDuck Jan 7 #36

Welp lonely bird Jan 7 #37

The greed and selfishness of these people are beyond belief. Mebbe I'm wrong, but I don't think Larry is going to end up Fil1957 Jan 7 #40

You don't own California. You don't own the people of this state. DBoon Jan 7 #42

Come on! The man's gotta eat. Swede Jan 7 #44

Make these assholes pay! They can't keep mooching forever! Initech Jan 7 #45

Tech billionaires have contempt for everyone not in their class DBoon Jan 7 #46

Page is moving because, after the new tax, he'd ONLY have 256,500,000,000 dollars? LudwigPastorius Jan 8 #49

Bye RandySF Jan 8 #51

He SHOULD be shamed as one of the greediest men in the world by every lawmaker and every media outlet. Doodley Jan 8 #53

Good UpInArms Jan 8 #54

Instead of a wealth tax.... Happy Hoosier Jan 8 #60