Open Thread

What’s on your mind?

Comments

[darkknight9]

A joke that should be shared, not only because of the humor but because I hear my Dad's voice speaking the Dad part:
"My siblings and I went out to dinner with my dad and we started talking about dad jokes we liked. All of a sudden my dad goes 'I’ve only made 3 dad jokes my entire life and they’re all sitting in front of me right now.'"

[bloocow2]

Brutal

[Lee Moore]

What do we think of the proposed California Billionaires' Tax ?

Not ethically (boooring !) but legally. In particular the "stickability" of a tax like this to billionaires running for the exits. Are there any constitutional or federal constraints on applying such a tax to the worldwide assets (as opposed to just Californian assets) of folk who escape at various different times - eg

before the end of 2025
before the ballot
before the legislature has done its thing with it
and so on

Can California make it retrospective to people who departed in 2023 ?

What's the precedent on California's efforts to apply state income tax to ex residents ?

I imagine there are other potential dodges for Californian assets - eg selling them to a non Californian corportation, majority owned by non Californians. Can the taxers "look through" to a minority stake indirectly owned by an ex Californian ?

I ask in the spirit of philosophy only, as a non Californian and, tragically, a non billionaire.

[Commenter_XY]

I don't see how you can make a tax retroactive two years = Can California make it retrospective to people who departed in 2023