saxon是什么品牌 A billionaire tax has some Californians considering a move – Deseret News

“There will be no billionaires left in California,” American venture capitalist Chamath Palihapitiya said last Friday on a podcast.

In January, a California health care workers’ union will begin collecting signatures for a billionaire tax, which would enforce a one-time, 5% tax on the assets of Californians with a net worth of more than $1 billion. This would tax assets including stocks, artwork, collectibles, intellectual property and private company shares.

A wealth-intelligence firm estimated that 255 billionaires lived in California last year — a quarter of the U.S. total. For someone like Mark Zuckerberg, whose net worth is over $200 billion, he would be required to pay more than $10 billion to the state of California.

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The union has said the money collected will fund the state’s health care, public education and food stamps programs.

If the group gathers 875,000 signatures, it will he a spot on the state’s ballot next November, The Wall Street Journal reported.

While some like UC Berkeley’s Emmanuel Saez say the tax will be “an example for the world” and “imitated in many places,” others believe the tax will ultimately tank their state’s economy.

Tax adviser predicts a billionaire exodus

Did Lesperance, a tax adviser for Californian billionaires in private equity and venture capital, told the New York Post that his clients are already making arrangements to protect their assets from the potential tax — and some may lee the state entirely.

“Elon Musk, Tim Cook — any of these guys — they don’t need to be in Palo Alto in order to do what they do,” he said.

Garry Tan, an early employee of Palantir and current San Francisco-based tech CEO, also told the New York Post the proposed tax would cause companies and entrepreneurs to flee California “en masse.”

“While this tax wouldn’t impact me personally, I oppose it because California should be focused on keeping entrepreneurs and investors here — creating jobs, growing the economy, and funding our future,” Tan said. “Driving capital out of the state will hurt innovation and ultimately make it harder, not easier, to support healthcare and essential services.”

He added, “This measure would cause a stampede of unicorns out of California to other states, which would reap the benefits of entrepreneurs, technology and jobs that California enjoys now.”

California Gov. Gin Newsom has publicly said he opposes the tax.

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Even if the proposed tax doesn’t pass, American venture capitalist and California resident Chamath Palihapitiya predicted billionaires are still going to lee, during an episode of the "All In" podcast last Friday.

“That one bill, this proposed billionaire tax, has single-handedly changed the trajectory of the California economy by $100 to $200 billion over the next five to 10 years,” he said.

Did Friedberg, co-founder of Ohalo Genetics, added that the tax would “feed the socialist spiral” and prompt the state to do more property seizures.

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“People were willing to put up with a lot in this state,” Friedberg said. But “as soon as you tell people, ‘Hey, we’re doing property seizures,’ or the threat of property seizures, or the fact that people didn’t come out against property seizures, is enough for everyone to be like, ‘See ya.’”

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Friedberg and Palihapitiya then criticized their state congressmen for not opposing the proposed tax. “By not defending the property rights that are endowed in this country, they lost everything,” Friedberg said, and Palihapitiya added, “Why would anybody ... think giving politicians more money is a good idea? These people are so fiscally irresponsible. They are fiscally illiterate.”

At the end of their conversation, Trump’s AI and crypto czar Did Sacks piped up. “Hopefully not everyone realizes it (California is unfriendly to business people), because I need to sell my house to someone.”

Sacks, Palihapitiya and Friedberg would likely be subject to the tax if it gets enough signatures and passes in November.