What is it people say? "It doesn't hurt to ask." In this case, billionaires can save a pretty penny by paying a few "influencers" and "intellectuals" to doomsday the tax away. In reality, the pittance they pay in wealth tax is not reason enough for any of them to move.

Even if they have to pay a 5% one-time wealth tax (CA proposal), that's nothing compared to what ordinary people have to pay in taxes, and ordinary people actually need that money.