Post #2790200
2026-05-10 20:54 UTC
Some will, but why would California want to keep around useless leeches that take from local services and dont contribute to society at all? California is one of the most desirable locations for the rich to live on the planet. It is propaganda produced by morons that they dont have the power to cash in on that. Believe it or not, but these taxes will make california even more economically competitive as the money is reinvested into infrastructure and human capital instead of yachts. Its insane how badly conservatives have brain washed people into thinking looting public coffers for the rich is the only way to run an economy. Very few fled New York when Mamdani was elected, and almost nobody will do shit about California taxing the rich correctly.
Replies (1)
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@panthera_@lemmy.today 2026-05-10 22:09
Since they have higher income, they pay more taxes. If they leave, that revenue will be gone. The rich do not have to flee New York, just NYC, but some will leave the state and take their businesses with them. See https://www.msn.com/en-us/money/smallbusiness/michael-goodwin-socialist-mamdani-s-tax-the-rich-war-cry-will-only-hurt-new-york/ar-AA22O4pf