You uhh, don’t think you can participate in society using fewer sweatshop endorsed clothes? Like thrift stores don’t exist or?
MyBrainHurts
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MyBrainHurts@piefed.cato
Technology@lemmy.world•Larry Page, Sergey Brin, and Peter Thiel All Fled California’s Billionaire Tax. Nvidia’s CEO Isn’t Going Anywhere. Even With an $8 Billion Bill Coming His WayEnglish
2·1 day agoEstimates seem to vary but I’ve found a good few at 3 billion total from the wealthiest 200 Californians.
Also, given the article noted that:
Departing billionaires slashed projected one-time revenue from $100 billion to $40 billion, with Page and Brin’s exits alone costing California $26.7 billion.
That implies the current tax revenue from billionaires would drop 60 or so percent. So, presumably tax revenue drops from 3 to 1.2 billion, just based on current flights (and ignoring knock on effects.)
So, no one else leaves and we don’t count knock on effects, I’d guess it’d take ~ 21 or so years before this starts cutting. But, of course, knock on effects (folks decamp to say, Texas which seems to be snagging as many once Californian businesses as possible…) It’s going to be a very interesting, depressing experiment. (Really feels like a race to the bottom but that’s the America we know and,uhhh, love?)
MyBrainHurts@piefed.cato
Technology@lemmy.world•Larry Page, Sergey Brin, and Peter Thiel All Fled California’s Billionaire Tax. Nvidia’s CEO Isn’t Going Anywhere. Even With an $8 Billion Bill Coming His WayEnglish
110·2 days agoThe billionaires are spending mad money to fight this tax.
Mad for regular people money. From what I’ve read, what they’ve spent is a small fraction of what said tax would cost them (though if you’ve seen different, I love new info!)
A person is easy to move, a warehouse less so.
These folks don’t usually have warehouses, but whatever, say physical infrastructure. All that can stay, the boss can roll out, rock in Texas and take their private jet to and fro as needed. (Or, do their stuff remotely. I doubt Thiel is walking through cubicles etc.)
The worst case scenario for California of the mythical “Wealth Flight” is a bunch of parasites moving elsewhere.
The worst case is that the tax revenue that those billionaires bring (which sure, in a moral vacuum should probably be higher) goes elsewhere leaving California needing to plug the fiscal gap by taxing less wealthy folks or eliminating/reducing services.
MyBrainHurts@piefed.cato
Technology@lemmy.world•Larry Page, Sergey Brin, and Peter Thiel All Fled California’s Billionaire Tax. Nvidia’s CEO Isn’t Going Anywhere. Even With an $8 Billion Bill Coming His WayEnglish
10·2 days agoDidn’t know all 3 had or planned to move.
I wonder how many would have to move before the tax actually becomes revenue negative (compared to not being implemented.)
Every normal person is against them.
Against them but also wearing their products, which is even worse. What’s the point of being “against” something then? It’s like saying you’re “against” trump but sitting out the elections.
Take a stand, pick a side or fuck right off.
I dunno, everyone says this of the issues about which they care but other ones are too large etc.
For example, do you feel the same way about say, sweatshop clothes? In that we should take a stand,pick a stand or fuck off?
Personally, I feel the 12 year olds making the most of the clothes I see when I walk down the street is much more important than most national issues in my country AND is something where individual action really matters but, it’s also an issue that requires actual sacrifice and work. Much easier to be angry at people online over politics…
Thanks for the quality modding and the heads up!
MyBrainHurts@piefed.cato
RetroGaming@lemmy.world•Cleaning out my office and I found these gemsEnglish
1·3 days agoHA, I just thought the same thing!




You don’t know that you’re allowed to sit out immoral trends, like fast fashion? Or is being trendy more important than what’s right?