alt Hacker NewsWhich would be hilarious if it weren’t so infuriating.
All they can talk about is how they’re all going to leave the state if it happens, but then are more than willing to try to spend more stopping it than they would just contributing their fair share in taxes.
Don’t like it? Great, leave - but stop trying to buy elections.
Replies
kadabra9 • yesterday at 9:14 PM
Everyone loves deciding what their "fair share" of other people's net worth (not even income!) is.
Sorry, but the state just confiscating 5% of someone's net worth (unrealized or not) is absolute madness, and rightfully opens up questions about slippery slope, how "temporary" they claim this to be, and so on.
It's not surprising they are leaving the state or using their resources to try to stop it.
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YC is always talking about how important SF is (due to hand waiving reasons like "innovation environment," I would find it highly ironic if a wealth tax was all it took to get top YC people to abandon the state.