Podcast Appearances
And I said, you can afford it.
So we we did and we released the data and you can find it.
Just Google a bunch of stories and showed the yes vote at 48.
And we asked people, do you like billionaires?
Not really.
Should billionaires pay more taxes?
Absolutely.
Well, what do you think about this tax?
I hate it because we're never collect the dime.
They're going to move.
And we ask people, if you had a billion dollars, would you stay and pay 50 million or would you leave?
I'd leave.
So they think they're going to leave.
They think they're going to tie it up in court forever, maybe going to the Trump Supreme Court.
And the state will never see a dime.
But when they leave, it'll cost jobs and it'll screw up the income taxes where the 1% pays half of all state income taxes in California.
We have a high state income tax rate at the top, 10% plus.
So that will be big budget cuts.
So this thing is badly written.
And I think if it makes it to the ballot, which is an if, I think it's eminently beatable.