Jason Calacanis

And if you expected value it out, it's about a $25 billion hole.

They also found that they overcounted the number of billionaires in California.

So that number was wrong.

They undercounted the amount of revenue that they pay.

So that was wrong.

And they overcounted the estimate of how much money that they would make.

So that was wrong.

So they're not good at math.

They're not good at math.

So when you add it all up, they thought they were going to make 100.

They're actually going to make 40.

The people that left pay $3 to $5 billion a year of taxes.

It's going to create a $25 billion hole.

You're going to have the middle class that's now going to have to foot this because this is net revenue that's not going to come into the budget.

That's about 2,500 per middle class household.

There's about 10 million in California.

So that's what's happened just by making the threat.

Washington had a 23-hour debate and passed the law.

So I suspect when you look back on this in 18 or 24 months, it'll be as bad or worse than California.

These things don't make sense.