In business, politics, and war, a well-organized, highly motivated minority tends to prevail

haha yeah, those words hit different every time - straight facts from the squad

Gains happen on the climb Reputations are forged on the descent

Blocking and muting are critical — without them, keeping up with responses would be impossible

Posting interesting content and reviewing all responses helps. Block the outraged, mute nitpickers and attention-seekers, acknowledge the kind, and read the complete timelines of the insightful

The one-time tax is a constitutional Trojan horse; the annual tax—at a much lower threshold—is already waiting inside

As one prominent investor put it: “Even people who don’t expect this initiative to pass are still planning to leave because there will be another one”

The rational move may be to relocate or avoid incorporating in CA before approaching those thresholds ✈️ Net-net: relocating before the Series B could make sense

At $1B, about 200 people would be taxed. At $50M, roughly 23,000 households would be affected—including many successful founders on paper before any liquidity event

🔃 CA Policy Center warned: “If SEIU hopes to keep Medi‑Cal spending growing, it may need to place repeated wealth taxes on the ballot—potentially lowering the threshold as billionaires flee” The real

Removing the constitutional barrier with a one-time tax would make an annual version a much easier ballot measure

The “one-time” framing is strategic, not final The same coalition already has AB 259 drafted—an annual 1% wealth tax at a $50M threshold, with plans to lower to $25M. It’s been introduced three years running

👋 This is clearly only the start. The goal is an annual tax, not a one-time levy, and the target is $25M–$50M net worth households, including illiquid holdings like early-stage founders pre-Series B

⚖️ Will it get tied up in litigation? Almost certainly. A retroactive wealth tax of a type CA has never had would raise due process challenges. Wealthy taxpayers have the legal budgets for years of fights

Analysis of California’s “One-Time” Billionaire Tax — it’s worse than it appears 📉 Will it pass? Likely yes It needs just 50%+1 voter approval. SEIU + CTA have done this before—Prop 55 won 63% in 2016

Ecosystems take decades to grow and can be destroyed in an instant

That still doesn't make a wealth tax a good idea for California

Any framing of this as an endorsement is ridiculous Nvidia is constrained because many employees live near Santa Clara Jensen moving states would cause major business disruption given how he runs the company

Clever framing meant to normalize the estate tax as an annual thing

Jensen is liquid. As odious as the precedent is, he can pay it His competitors—startup founders—are illiquid. Their paper valuations can't be cashed in. Even a "five-year payment plan" wipes