alt Hacker News> if you could spend 0.04% of your net worth to protect 5% of your net worth
If I was anywhere near being a billionaire I wouldn't. There would be much better things to spend my time and effort on. That's not even counting the fact that I would probably care about the ethical aspect too.
0.95x of an obscene amount of money I can't spend is still an obscene amount of money I can't spend. That 5% wouldn't make any discernible difference in my life.
They’ll be back for the less rich people too until no more rich people are dumb enough to stay. Look at CAHSR. There’s no end to how much money California politicians can spend.
There’s not a revenue problem in California. There’s a spending problem.