2025-12-28 00:20:29

Calling it a tax is generous—that's straight-up asset seizure. Taking 5% of what people own is unconstitutional and won't hold up legally. Mark my words, this gets overturned.

Here's what actually happens: High-earners and top talent? They've got options. They'll pick up and leave. California's bleeding its best people to other states, and frankly, it's their own doing. Once you start threatening wealth like this, don't be shocked when the money and the minds follow.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

GateUser-26d7f434

· 13h ago

This move in California is really brilliant, pushing people out directly. Smart people have already left.

View OriginalReply0

airdrop_huntress

· 12-28 00:49

California's move this time is really brilliant; openly taking the money and claiming it's a tax... No wonder everyone is fleeing to Texas. Serves them right.

View OriginalReply0

BearMarketBarber

· 12-28 00:49

This move in California is really outrageous, outright money grabbing. They say it's all about taxes, but it's just a scam.

View OriginalReply0

JustAnotherWallet

· 12-28 00:46

The capital flight issue, California will regret it sooner or later.

View OriginalReply0

GateUser-addcaaf7

· 12-28 00:35

This move by California is really brainless. It's inevitable that the wealthy will flee.

View OriginalReply0

NotFinancialAdviser

· 12-28 00:34

This move in California is really brilliant, pushing people out.

View OriginalReply0

PositionPhobia

· 12-28 00:33

California really wants to die, this move is truly outrageous. --- Stealing money is just stealing money, and calling it "tax" is hilarious. --- The wealthy have already started packing their bags. Who wants to be taxed? --- Once this policy is implemented, talented people will leave, California deserves it. --- 5% "tax"? Just confiscate it directly, the court will overturn it sooner or later. --- If California keeps doing this, the economy will collapse within two years. --- The foresighted have already moved to Texas, smart people are all eyes. --- Basically, it's drinking poison to quench thirst, killing the goose that lays the golden eggs. --- With such reckless moves, even I know it's a no-go. --- Where top talent goes, wealth flows there. Isn't it hard to understand, California?

View OriginalReply0

ChainSpy