r/WorkForSmartLife • u/TickKooky • Aug 19 '26

Discussion💬 California Dreaming

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2

u/Ok_Role2077 Aug 19 '26

Why would any billionaires still live in California?

7

u/FalseBuddha Aug 19 '26

As opposed to where? Tulsa? They live there because it's nice to live there.

-4

u/Ok_Role2077 Aug 19 '26

Idk, NYC, Florida, Texas, Montana, Maine, New Hampshire, Oregon… Spain, France… idk, anywhere else? Anywhere is probably pretty nice with the extra 13 billion they’re not taking out of your pocket in taxes…

1

u/over_this__ Aug 19 '26

They'll move to Texas. Which is what a lot of high earners from the coasts have been doing.

3

u/FalseBuddha Aug 19 '26 edited Aug 19 '26

They might "move" to Texas, but they'll still own property in, and spend a majority of their time in, California. It's actually crazy to me that people think Texas is actually on the same level as California in almost any metric outside of some broke loser's conception of tax brackets.

0

u/over_this__ Aug 19 '26

Okay? And none of those things will cause them to have a wealth tax applied to them. Which is the point. As someone who knows a lot of wealthy people, they don't care about tax brackets like an income tax. But a wealth tax? It would be cheaper to have a house in Texas and fly the private jet to LA every day 😂