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MichMan

(17,327 posts)

4. Have they said how they are planning to go about assessing the value of people's total assets?

Reply to Yo_Mama_Been_Loggin (Original post)

Tue Apr 28, 2026, 02:05 PM

Apr 28

To first a) determine who is eligible for the tax, and then b) to determine the value of their total wealth. I would assume that includes things like homes, businesses, investments, vehicles, art, jewelry, collectibles, and everything else someone might own.

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Highlight:

California billionaire tax moves closer to November ballot: What to know [View all] Yo_Mama_Been_Loggin Apr 28 OP

This will be a disaster for California if passed hueymahl Apr 28 #1

Why would they leave the state? eggplant Apr 28 #3

California is a beautiful state and let them go but they must sell their ALL of their homes to avoid taxes kimbutgar Apr 28 #6

The craven worked hard for tax shelters Torchlight Apr 28 #2

Have they said how they are planning to go about assessing the value of people's total assets? MichMan Apr 28 #4

I support this AZProgressive Apr 28 #5