Progressive Liberal Hypocrisy

California Democrats / Leftists : "The wealthy Billionaires need to pay more .. let's go after their unrealized gains .. "

Those who made CA rich : ".. um, time to Vamos "
Reason .. The speaker states that the 2026 Billionaire Tax Act is a ballot measure that would impose a one-time 5% tax on the total net worth of any California resident worth more than $100 billion (3:15-3:23).



Governor Of California PANICS After Google Founders FLEE To Florida Taking BILLIONS
Omars Talk Show




This video discusses the recent trend of high-profile billionaires and tech leaders exiting California due to impending tax policies. The creator, Omar, explains how proposed legislation and a challenging economic environment are triggering a significant wealth migration.

Key Takeaways:

  • The Billionaire Exodus: The video highlights that Google co-founders Larry Page and Sergey Brin conducted a "surgical exit" from California in late 2025, dissolving or moving dozens of LLCs and purchasing significant real estate in Miami (0:46-2:50).
  • The Trigger: The primary driver identified is the 2026 Billionaire Tax Act, a proposed ballot measure that would impose a one-time 5% tax on the total net worth of individuals worth over $100 billion, with retroactive consequences for those residing in the state on January 1, 2026 (3:09-3:50).
  • Broad Impact: This is not isolated to the Google founders; other figures such as Peter Thiel, Travis Kalanick, and Mark Zuckerberg have also moved to states like Florida, Texas, or Nevada (4:17-5:12).
  • Economic Consequences: Omar argues that this departure threatens California's economy by removing the tax base needed to support public services, potentially creating a "death spiral" where costs increase for remaining residents while infrastructure and local innovation networks crumble (6:19-7:12, 9:07-9:42).
  • National Context: The creator suggests that California is serving as a template for other states, potentially impacting the broader national economy as wealth and businesses concentrate in fewer locations (9:46-10:29).

According to the speaker, several high-profile individuals have left California for other states:

  • Larry Page and Sergey Brin (Google co-founders) relocated to Florida (0:40-0:55, 2:30-2:46).
  • Peter Thiel (co-founder of PayPal and Palantir) moved to Miami (4:23-4:28).
  • Travis Kalanick (former Uber CEO) announced his move to Texas (4:28-4:31).
  • Steven Spielberg became a New York resident (4:33-4:35).
  • Don Hanky relocated to Las Vegas (4:38-4:41).
  • Mark Zuckerberg (CEO of Meta) purchased a significant estate in Miami (4:45-4:49).

The speaker states that the 2026 Billionaire Tax Act is a ballot measure that would impose a one-time 5% tax on the total net worth of any California resident worth more than $100 billion (3:15-3:23).

Regarding the deadline, the legislation is described as having retroactive implications for anyone who was a resident of California on January 1, 2026. This created an urgent deadline for individuals to relocate before that date to avoid the tax liability (3:39-3:50).
 
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swimming goggles .. guess expecting mace ..

students bused by school to protests


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the woke refuses to listen ..



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SEIU Service Employees International Union pushes for the "Billionaire Tax" a "one time" 5% tax on billionaires wealth. ( unrealized capital gains also in this )

90% of the revenue would go to healthcare, and 10% to education and food assistance.

results :
  • Number of Billionaires: At least eight high-profile billionaires have confirmed or are widely reported to have left, including Mark Zuckerberg, Larry Page, Sergey Brin, Peter Thiel, Travis Kalanick, Don Hankey, David Sacks, and Andy Fang. Many more ultra-wealthy individuals are believed to have quietly relocated.
  • Total Wealth Avoided: The collective wealth of those who have left is estimated at $1.1 trillion. This exodus has drastically reduced the tax's projected revenue, with analyses suggesting the state could face a net loss of $25 billion when accounting for the long-term loss of future income tax revenue from these individuals.




California Governor SHOCKED After Mark Zuckerberg OFFICIALLY Flees To $170M Miami Mansion!
Omars Talk Show




This video investigates the mass exodus of billionaires from California, using Mark Zuckerberg's recent $170 million home purchase in Miami (0:00-0:19) as a primary case study. The host argues that this migration is a reaction to legislative pressures, specifically the looming 2026 California Billionaire Tax Act (6:20-6:50).

Key themes include:

  • The Wealth Flight: Beyond Zuckerberg, the video highlights that other tech giants like Larry Page and Sergey Brin have already relocated to states like Florida and Nevada (3:57-5:34) to avoid significant potential tax liabilities.
  • The Legislative Trigger: The proposed 5% wealth tax (6:24-6:30) is described as a catalyst for a "bank run" on California's tax revenue, as high-net-worth individuals exit to protect their assets (9:15-10:00).
  • Economic Impact: The departure of these individuals is causing ripple effects. For instance, Meta recently canceled the Willow Village development in Menlo Park (13:04-13:25), highlighting how the loss of these "depositors" negatively impacts local housing and public service funding (16:36-17:00).
  • Governor Newsom’s Dilemma: The video cites comments made by Governor Gavin Newsom on January 29, 2026 (11:15-11:45), where he explicitly warned that aggressive tax measures would drive away the affluent and ultimately harm the state’s ability to fund essential services like education and emergency response.
 
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mat200 said:
SEIU Service Employees International Union pushes for the "Billionaire Tax" a "one time" 5% tax on billionaires wealth. ( unrealized capital gains also in this )

90% of the revenue would go to healthcare, and 10% to education and food assistance.

results :
  • Number of Billionaires: At least eight high-profile billionaires have confirmed or are widely reported to have left, including Mark Zuckerberg, Larry Page, Sergey Brin, Peter Thiel, Travis Kalanick, Don Hankey, David Sacks, and Andy Fang. Many more ultra-wealthy individuals are believed to have quietly relocated.
  • Total Wealth Avoided: The collective wealth of those who have left is estimated at $1.1 trillion. This exodus has drastically reduced the tax's projected revenue, with analyses suggesting the state could face a net loss of $25 billion when accounting for the long-term loss of future income tax revenue from these individuals.




California Governor SHOCKED After Mark Zuckerberg OFFICIALLY Flees To $170M Miami Mansion!
Omars Talk Show




This video investigates the mass exodus of billionaires from California, using Mark Zuckerberg's recent $170 million home purchase in Miami (0:00-0:19) as a primary case study. The host argues that this migration is a reaction to legislative pressures, specifically the looming 2026 California Billionaire Tax Act (6:20-6:50).

Key themes include:

  • The Wealth Flight: Beyond Zuckerberg, the video highlights that other tech giants like Larry Page and Sergey Brin have already relocated to states like Florida and Nevada (3:57-5:34) to avoid significant potential tax liabilities.
  • The Legislative Trigger: The proposed 5% wealth tax (6:24-6:30) is described as a catalyst for a "bank run" on California's tax revenue, as high-net-worth individuals exit to protect their assets (9:15-10:00).
  • Economic Impact: The departure of these individuals is causing ripple effects. For instance, Meta recently canceled the Willow Village development in Menlo Park (13:04-13:25), highlighting how the loss of these "depositors" negatively impacts local housing and public service funding (16:36-17:00).
  • Governor Newsom’s Dilemma: The video cites comments made by Governor Gavin Newsom on January 29, 2026 (11:15-11:45), where he explicitly warned that aggressive tax measures would drive away the affluent and ultimately harm the state’s ability to fund essential services like education and emergency response.
Click to expand...


Lessons to be learned:

1. The left is complete anti-American, against the very ideals that this country was founded upon.
2. The left has zero knowledge of economics, even simple supply-demand basics.
3. Unions are evil; they are communism, defined. All are treated the same, based on seniority rather than merit, which breeds mediocrity, giving no incentive to do a better job.
4. Any state run by Democrats is fucked.
 
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