#california-wealth-tax

#california-wealth-tax

California will lose its most important taxpayers and net off much worse. Even people who don't expect this initiative to pass are still planning to leave because there will be another one. You're permanently reducing the tax base on an ongoing basis to get a one shot. That's what a junkie does, a one-time shot.

If Brin is confirmed as the new owner, that would mean four of the five wealthiest people in the world now own homes within about 20 square miles. Three of those purchases - those of Brin, his Google cofounder Larry Page, and Meta CEO Mark Zuckerberg - were completed over the past few months.