A pet theory of mine is they are passing this law (or threatening to) for a secondary purpose....they know they will collect $0 from this law, but there is another shoe waiting to drop.....

I think most likely situation is the ruling elite are aware that the dependable "ultra-lefty mega rich techbro" doesn't exist anymore....those people are all shifting to the right. Therefore the goal is to push them out of state so they don't fund opposition politicians. 

There is very very little chance that they actually think you are going to get a highly mobile, mega wealthy billionaire that has an army of CPAs and lawyers that rival the state to pay some fake 5% tax....

The case I’d be most interested in is someone whose net worth is 95% brand name. 

How do force someone to liquidate that?

It'll be funny if all the billionaires flee and they don't pass the tax anyway.

Funny in a psychotic burn the world down kinda way.

SimpleStacker

This wealth tax will be struck down by a federal court

Bell_curve

winteryeti

Larry Page’s apparent Florida move highlights how seriously the ultra-rich are taking a one-time tax aimed at extreme wealth inequality.

Did California lose Larry Page? The Google and Alphabet cofounder, who left day-to-day operations in 2019, has seen his net worth soar in the years since—from around $50 billion at the time of his departure to somewhere approximating $260 billion today. (Leaving his job clearly didn’t hurt his wallet.) Last year, a proposed ballot initiative in California threatened billionaires like Page with a one-time 5 percent wealth tax—prompting some of them to consider leaving the state before the end of the year, when the tax, if passed, would retroactively kick in. Page seems to have been one of those defectors; The Wall Street Journal reported that he recently spent more than $170 million on two homes in Miami. The article also indicated his cofounder Sergey Brin also might become a Florida man.

https://archive.is/OkvMx

Politics_And_Law

econ

> Larry Page’s apparent Florida move highlights how seriously the ultra-rich are taking a one-time tax aimed at extreme wealth inequality.
> 
> Did California lose Larry Page? The Google and Alphabet cofounder, who left day-to-day operations in 2019, has seen his net worth soar in the years since—from around $50 billion at the time of his departure to somewhere approximating $260 billion today. (Leaving his job clearly didn’t hurt his wallet.) Last year, a proposed ballot initiative in California threatened billionaires like Page with a one-time 5 percent wealth tax—prompting some of them to consider leaving the state before the end of the year, when the tax, if passed, would retroactively kick in. Page seems to have been one of those defectors; The Wall Street Journal reported that he recently spent more than $170 million on two homes in Miami. The article also indicated his cofounder Sergey Brin also might become a Florida man.
> 
> https://archive.is/OkvMx