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#3 | Posted by Zed at 2026-10-03 02:56 PM
If Florida goes Blue this cycle this rich guy is going to wonder what happened to him.
#4 | Posted by Zed at 2026-10-03 02:58 PM
A billionaire leaving a State simply means that he is giving the burden of running the State to the poor and middle class.
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Some blue states' politicians understand that - despite populist tendencies of their base - higher taxation can cause capital flight and long-term loss of tax base, jobs and economic growth, which they will then have to stimulate with either higher spending or "targeted" tax breaks for favored groups/industries :
calmatters.org - California Democrats defy Newsom, back billionaire tax - 2026-08-05
|------- California Gov. Gavin Newsom, a Democrat, opposes the billionaire tax on voters' ballots this November. So does Xavier Becerra, the Democratic gubernatorial candidate widely favored to succeed him. ...
Proposition 40 would generate an estimated $100 billion by levying a one-time 5% tax on the state's more than 200 billionaires...
The idea has sparked controversy ... prompting tech billionaires like Google co-founder Sergey Brin to move his business holdings out-of-state ... [Larry Page moved to FL in December 2025 - that's more than $500B of potential tax base just between these two "globalists"]
In addition to Newsom and Becerra, doctors' and primary care providers' associations oppose the billionaire tax, along with a variety of Democratic-aligned political powerhouses like Planned Parenthood. Several labor unions are opposed.
Opponents worry the tax would drive the wealthy out of the state, depriving California of both income tax revenue and spending. ...
The nonpartisan Legislative Analyst's Office estimates it could reduce long-term state revenue. ...
The No campaign downplayed the party's endorsement, pointing to the party's 2024 opposition to Prop. 36, a crime measure which nonetheless passed overwhelmingly, and its support for Prop. 32, a minimum wage hike which failed.
Newsom, Becerra, CTA, California Professional Firefighters, Planned Parenthood and others are against Prop. 40 "because it's bad for our budget, bad for our economy, and bad for our future," the campaign said in a statement. ...
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davidrhenderson.substack.com - Most European Countries that Had Wealth Taxes Have Repealed Them - 2026-08-31
taxfoundation.org - The High Cost of Wealth Taxes | Many developed countries have repealed their net wealth taxes in recent years - June 2024 [PDF, 18pgs]
Just like tariffs on "other countries", excessively higher "taxes on the rich" ultimately backfire and trickle down to the middle and lower quintiles, in forms of higher prices, fewer well-paying jobs and economic opportunities and increased burdens on the government/taxpayers.
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Jared Kushner, who is not even an employee of the US government (meaning he can avoid disclosure requirements)
1. Invests in Israeli military companies
2. Has been paid $2 Billion from Saudu Arabia
3. This insane deal
4. Invests in US drone companies that get defense contracts
And the right had a collective meltdown because Hunter reimbursed Joe for his truck loan payments.
I don't ever want to hear another ------- word about him ever again from the corrupt GOP.