Billionaires Aren’t Going to Flee California. Others Will without a Budget Fix

Billionaires aren’t going to flee California. Others will without a budget fix

It’s hard to conjure up much sympathy for billionaires Peter Thiel and Google founders Larry Page and Sergey Brin, who all decamped for other states and left a dust cloud of headlines in their wake, warning that a possible wealth tax would scare off more tech moguls like them, dooming California. Maybe you’ve heard that one before. These men represent the exception to the rule of a largely settled corner of economics, in stark contrast to the na…

'Dumbest idea I've ever heard': 'Million Dollar Listing' star trashes proposed wealth tax · American Wire News

Warning of the potential “trickle-down effect” that even the governor acknowledges, “Million Dollar Listing” realtor Josh Altman pegged a proposed tax as the “dumbest idea I’ve heard.” (Video Credit: Fox Business) At the same time, the once-Golden State has been pursuing doling out billions of dollars worth of reparations — despite having never allowed slavery in the state — and crippling small businesses with minimum wage rates disconnected fr…

‘Million Dollar Listing’ star warns California’s wealth tax could backfire on working class

The luxury real estate broker argued that the measure would drive billionaires out of the state.

‘RUNNING THEM OUT’: ‘Million Dollar Listing’ star warns California is pushing investors away

Former ‘Million Dollar Listing’ star Josh Altman joins ‘Varney & Co.’ to break down California’s slow post-fire rebuilding process and warn that a proposed wealth tax could drive billionaires and jobs out of the state.