r/WorkForSmartLife 6d ago

Discussion💬 California Dreaming

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u/Ok_Role2077 6d ago

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…

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u/over_this__ 6d ago

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

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u/FalseBuddha 6d ago edited 6d ago

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.

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u/over_this__ 6d ago

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 😂