MyBrainHurts

Estimates seem to vary but I’ve found a good few at 3 billion total from the wealthiest 200 Californians.

Also, given the article noted that:

Departing billionaires slashed projected one-time revenue from $100 billion to $40 billion, with Page and Brin’s exits alone costing California $26.7 billion.

That implies the current tax revenue from billionaires would drop 60 or so percent. So, presumably tax revenue drops from 3 to 1.2 billion, just based on current flights (and ignoring knock on effects.)

So, no one else leaves and we don’t count knock on effects, I’d guess it’d take ~ 21 or so years before this starts cutting. But, of course, knock on effects (folks decamp to say, Texas which seems to be snagging as many once Californian businesses as possible…) It’s going to be a very interesting, depressing experiment. (Really feels like a race to the bottom but that’s the America we know and,uhhh, love?)

The billionaires are spending mad money to fight this tax.

Mad for regular people money. From what I’ve read, what they’ve spent is a small fraction of what said tax would cost them (though if you’ve seen different, I love new info!)

A person is easy to move, a warehouse less so.

These folks don’t usually have warehouses, but whatever, say physical infrastructure. All that can stay, the boss can roll out, rock in Texas and take their private jet to and fro as needed. (Or, do their stuff remotely. I doubt Thiel is walking through cubicles etc.)

The worst case scenario for California of the mythical “Wealth Flight” is a bunch of parasites moving elsewhere.

The worst case is that the tax revenue that those billionaires bring (which sure, in a moral vacuum should probably be higher) goes elsewhere leaving California needing to plug the fiscal gap by taxing less wealthy folks or eliminating/reducing services.

Didn’t know all 3 had or planned to move.

I wonder how many would have to move before the tax actually becomes revenue negative (compared to not being implemented.)

HA, I just thought the same thing!

As you note elsewhere, these are often highly upvoted and honestly, the fediverse is so small that without those posts, I worry about how much content there would be. (We can cry that people need to post more original content until our lungs give out but…)

So, I’d say this is probably a fine tuning issue. We probably want people to choose if they want to filter out as much content from reddit as possible, bot content only, mass reddit posters etc.

Not a real response, but this is a very nice comment and I think it’s the type of thing that makes the fediverse a better place.

I got one a few months ago that is my abslolute favourite, not sure if it counts. Important context, I’m 40 but still play soccer with folks as young as 20. So, one game I’m defending against a young fast kid and beat him to the ball (barely!) a few times in a row on long ball chases. After the third or fourth time he looks over after the race and says “You’re really fast for an… uhhh uh uh, you’re really fast!”

He meant so well and it was adorable watching him realize mid sentence that I probably didn’t want to be called an old man.

Goddamn, I remember when this show came out. Tom was a hero.

And then South Park happened and we basically forgot about him.