Dumb ass article. Your manufacotrums are staying put. They dont have feet. You aren’t lifting your entire multi billion dollar industry out of anywhere. Because that cost a ton of fucking money. Stop trying to defend these people. They are trapped more than a poor man when it comes to this context. They cannot wall away.
Did you read the part where he cited several billionaires that have actually moved out of CA? The tax and the article are talking about people, not companies.
Then tax their assets where their wealth is. Again, a factory does not have feet. Industry cannot skip and hop away. It needs infrastructure that takes time to build. Commercial buildings are immobile.
Sure, I don’t disagree that companies should be taxed more (and better), but the article is still about personal taxes on billionaires and how that’s far harder to implement well than a land value tax which also would tax the super wealthy.
No its not. They have to draw that money as loans against their assets. Tax that shit. Anywhere. True it would be easier with the feds not on the oligarch side but we can tax them however we like. Its not impossible or even hard. Its just the rich have class solidarity and we decided money is god.
Last attempt. California can levy a tax on billionaires when they spend money, leverage assets or anything else they want, but said billionaires can just leave the state (and have been doing), they are inherently incredibly mobile. A single state cant do anything about that, especially when there are conservative states that will bend over backwards to accommodate the billionaires. Taxing land means the asset cant be moved under any circumstance and so it is a far more attractive option to tax.
