http://twitchy.com/brettt/2026/01/12/la-times-billionaires-flee-state-when-it-asks-for-a-little-something-back-n2423847
"A little something back"? BWHA HA HA HA HA HA!!! What a steaming load of BS! California wants its voters to approve a scheme to assess California billionaires with a 5% tax on their total wealth just so they can piss it away on illegals and other nefarious crap. The California statists think this is owed to them because they stupidly believe that California is responsible for making successful people wealthy. Reality begs to differ ... and California billionaires are in the process of fleeing the Land of Fruits, Nuts & Flakes.
The New York Post reported last week that six billionaires had already severed ties with California, and that at least 20 more were considering relocating out of the state due to the state's proposed wealth tax:
The threat of a steep new wealth tax in California has reportedly prompted at least six billionaires including Larry Page and Peter Thiel to cut their ties with the state — and as many as 20 others could be heading for the exits.
The half-dozen billionaires made their moves before New Year’s Day — the cutoff date to avoid a potential one-time tax of 5% on fortunes exceeding $1 billion — which California residents will vote on in November, according to Bloomberg News.
David Lesperance, a tax adviser who specializes in relocating ultra-wealthy clients out of high-tax jurisdictions, told the outlet he personally helped four billionaires end their California residency before the proposal’s Jan. 1 cutoff date.
Google co-founder Larry Page and PayPal co-founder Peter Thiel have set their sights on Florida.
The Los Angeles Times has decided that since California made them rich, it was only fair for them to pay up when the state asked for "a little something back."
Los Angeles Times (@latimes) ~ Commentary: California made them rich. Now billionaires flee when the state asks for a little something back.
http://www.latimes.com/entertainment-arts/story/2026-01-10/california-made-them-rich-now-billionaires-flee-when-state-asks-for-little-something-back
News and culture critic Lorraine Ali writes:
California helped make them among the richest people in the world. Now they’re fleeing because California wants a little something back.
The proposed California Billionaire Tax Act has plutocrats saying they are considering deserting the Golden State for fear they’ll have to pay a one-time, 5% tax, on top of the other taxes they barely pay in comparison to the rest of us. Think of it as the Dust Bowl migration in reverse, with The Monied headed East to grow their fortunes. ...
If the tax should be voted into law, what would it mean for those poor tycoons who failed to pack up the Lamborghinis in time? For Thiel, whose net worth is around $27.5 billion, it would be around $1.2 billion, should he choose to stay, and he’d have up to five years to pay it.
Yes, it’s a lot … if you’re not a billionaire. It’s doubtful any of the potentially affected affluents would feel the pinch, but it could make a world of difference for kids depending on free school lunches, or folks who need medical care but can’t afford it because they’ve been squeezed by a system that places much of the tax burden on them.
Lorraine Ali is an infantile moron. California had nothing to do with the success of these billionaires ... they made their wealth on their own and could have done so just as easily (and far more cheaply) in many other states. The only thing California has done is to leech off their financial success with confiscatory annual income taxes ... AND NOW, that isn't enough ... now, in addition, California wants to out-and-out steal a chunk of their total assets. Hey, Ali ... if California is responsible for the creation of these billionaires, then why worry about them fleeing your state ... you should be able to just make some more new ones to tax the sh!t out of, eh, you stupid schmuck?!
Why make it a 5 percent tax? Why not 50 percent? They wouldn't notice.
John Ondrasik (@johnondrasik) ~ {Replying to @latimes} Delete your account.
JWF (@JammieWF) ~ {Replying to @latimes} Uh, douchebags, they made themselves rich, not your failed state.
SeldenGADawgs (@SeldenGADawgs) ~ {Replying to @latimes} California didn’t make them rich, their business ideas made them rich. Then California enjoyed taxing them higher than other states & now they’re fed up.
America's Great (@Gunalizer) ~ {Replying to @latimes} Come to think of it; these men made California rich.
Yeah, but California ignorantly pissed it all away, and like desperate lil' addicts, they crave even more.
Will Collier (@willcollier) ~ {Replying to @latimes} @lorraineali, you're a Commie creep.
John Ennis (@johnennis) ~ {Replying to @latimes} If California can just magically make an arbitrary person rich, why doesn’t it just make some other people rich and fleece them instead?
TCB (@1984_is_today) ~ {Replying to @latimes} Entrepreneurs made California rich, not the other way around.
TimOnPoint (@TimOnPoint) ~ {Replying to @latimes} Why manage well when you can just tax more?
VonDoom (@CryptoVonDoom) ~ {Replying to @latimes} Tell me you don’t understand how business works without telling me you don't understand how business works.
Gnojek (@CryptoGnojek) ~ {Replying to @latimes} “A little something” ... you’re pathetic.
Christopher Lochhead (@lochhead) ~ {Replying to @latimes} Small typo in your headline. Let me help you with that: "They made California rich." There, fixed it.
A Crude Awakening (@allengilmer) ~ {Replying to @latimes} “Ask” and “little something” ... you just crack me up.
We caught that too ... California is just "asking" via a state law compelling them to pay up.
Matt Whitlock (@MattWhitlock) ~ {Replying to @latimes} This is wild. @LorraineAli, surely as someone at least moderately familiar with CA politics, you know this tax isn’t going towards “helping others who need a financial boost.” It’s going to NGO’s, fraud, and Medi-Cal for illegals - all of Gavin’s pet priorities.
These socialists are always dreaming about what they could do with all of the money that those billionaires don't really need.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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