Is there anything alternative in the world, like Cali ideas on passing the laws, where taxes would follow both individuals and business up to 10 years, if one/they leaves the state to avoid high taxes ? If it comes to reality, then - more states would follow. (?)
So originally they were boasting about this tax raising $10B per year now we're down to $500 million per year for only (2) years. Hmmm. Interesting
First off the CA proposal is for individuals and only covers amounts over $30M, so at most a couple people here would remotely need to worry about it in their lifetime. Secondly it's almost certainly unconstitutional, so in the highly unlikely case it passes it will simply be struck down. Unconstitutional laws persist only until someone well funded and motivated challenge them. Given that this law would target those most motivated and capable challenging it, it doesn't stand a chance. Same would apply if any state did it.