this is the reason people fucking hate greedy filthy rich people

It isn't even a continuing tax, which would be the just thing. 5%, only once. Once! To help this shithole country get back on track (yes I know it's California only).

But that's already too much nuance for the masses.

And those rich fuckers, never in their lives touched by anything even remotely resembling morals or ethics, calculate how much money they can throw at the "problem" before it becomes easier to just pay up. Hint: a lot. 5% of even only one measly billion?

I truly hope they spend the full amount they calculated, and then the law still goes through. Fat chance, but there is hope.

Conservatives are poised to do very well in California. The billionaire tax is going down, public services defunded, and a draconian voter ID law is about to pass in a landslide. And Asshole Jim Desmond will be Trump's bitch in the House.

A lot more then they would actually pay under such a law

Now you have the duty to make them spent it in vain.

And they will still be stupid rich…

https://www.nber.org/system/files/working_papers/w35218/revisions/w35218.rev0.pdf

If they "lose" anyway, it just makes it that much sweeter.

that's all of them together. 1 million a day. coming from a combined net worth of over 700 billion (src)

comes to 0.05% of their combined net worth, if they spent at that rate over a full year.

that's not even a rounding error on their books.

comparatively, it's sofa cushion change for the rest of us.

(if i was debt free), it wouldn't even be fifty cents... for the year--less than one penny per week.

they must not really care that much either way, so lets just tax tf out of them all the time instead of just one special thing.

That’s basically pocket change.

They spend so much money fighting and lobbying against additional taxes, at some point it's gotta be cheaper to just pay them, no?

Too bad that political donations aren’t taxable

I will never understand how people who are dumb enough to pay more money stopping a tax than they'd have to pay if the tax passed were able to make so much money in the first place.

Dropping a million dollars a day to convince me you aren't too rich is a weird argument.

Just keep pushing this bill, and push bills like it in more states. If we can’t tax them directly, them pissing money away fighting these bills might be an indiriect tax. Unfortunatley the money goes to politicians.

If they actually had jobs and weren't societal leaches, they could just pay taxes and wouldn't have time for all of these stupid plots

Imagine how many lives that would've saved.

So it'll take one thousand days for one billionaire to lose one billion dollars.

I need to start a pac that fights legislation that billionaires dont like and then use the money to fund legislation to tax billionaires.

Would it not be cheaper to pay the tax?

They’re scared it might actually pass. If they didn’t think it was going to damage them, they would t be fighting it.

I already voted for this.

It is quite literally pocket change to them. And that’s the whole point.

They should be ecstatic that it’s a one time tax.

With fascists, cruelty is the point. They care less about the money than they care about keeping it from YOU.

So it sounds like this measure is already good for the economy?

So it will be your honorable duty to make all this money go awaste.

And Greasy Gavin, who really really wants to be president, is helping these bastards. Remember that when the primary comes along, because if he becomes president he's going to do exponentially worse to the poor and middle class.

Important to note also that none of these fuckers are going to go poor because of this tax, and every damn one benefits inordinately from the public spend and should be paying their fair fucking share.

Don't forget to also vote NO on 41 and 42 in addition to YES on 40 and tell others to as well.

That's the billionaires' sneaky way to try and pre-empt 40 by making the other two sound like untargeted bans on increasing tax on personal property.

It takes less than 3 months for the billionaires collectively to make the $100B back the tax would charge, without them doing any more or less work.

dipshits could've just spent that money on taxes...

Don't worry though, these people will totally create the utopian society people claim AI will bring... Yeah... They'll definitely start sharing then, it's just right now that they're all Smeagol with their money...

Jokes on them, they're willingly paying the tax already, it's just being misattributed towards suppression instead of public good.

Probably less than they would pay in tax. More proof they can easily afford it

I hope you all are birth striking. We must not make more slaves for the billionaire class.