> I find it less plausible that the backers of this bill are able to accurately predict the economic outcomes of this bill.
> 
Yeh, it smacks of "secondary goals". 

freetx

In intrigued by your idea that the goal is actually to drive rich people out of the state. I think the main reason there might be getting rid of competition -- maybe the bureaucrats and politicians in CA feel threatened by tech billionaires, and so rather than losing to them in politics, they are just trying to force them out of the state.

I find it less plausible that the backers of this bill are able to accurately predict the economic outcomes of this bill.

Politics_And_Law

A Wealth Tax Floated in California Has Billionaires Thinking of Leaving - nyt

Scoresby

In intrigued by your idea that the goal is actually to drive rich people out of the state. I think the main reason there might be getting rid of competition -- maybe the bureaucrats and politicians in CA feel threatened by tech billionaires, and so rather than losing to them in politics, they are just trying to force them out of the state. 

I find it less plausible that the backers of this bill are able to accurately predict the economic outcomes of this bill. 

