GeneralNeutralFortune Crypto · 5h ago5/10
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Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
California's proposed wealth tax would generate sufficient revenue that even if all billionaires left the state, it would take 25 years of departures to offset the gains. The analysis suggests the state's ultra-wealthy tax base is resilient enough to sustain aggressive wealth taxation without catastrophic economic damage from relocation.
