California's Tax Suicide: Who Pays When Billionaires Flee?
The top 10% fund 76% of the state budget. Sacramento's answer? Chase them all away.
Garry's List is accepting nominations for its inaugural Civic Impact Awards, recognizing the creators, journalists, and tools helping Californians navigate the June 2 primary. Meanwhile, BART is under fresh scrutiny after a public records request revealed the agency can't locate the invoice for a consultant report it commissioned — one that argued fare enforcement doesn't work — even as it pursues a new tax measure. The region's accountability deficit is on full display: from BART's "leave them be" encampment policy that shut down the Transbay Tube for 12 hours, to LA spending $625,000 per unit on homeless housing that sits empty four years later.
The top 10% fund 76% of the state budget. Sacramento's answer? Chase them all away.
Private polls show 80-90% of billionaires already gone or leaving. This isn't about the rich—it's about California's survival.
The Governor touts a 9% drop in "unsheltered" homelessness. The actual numbers tell a very different story.
A quiet amendment to the "Billionaire Tax" would force founders to go bankrupt or surrender control of their companies.
Half of California's billionaire wealth has fled the state—and the wealth tax isn't even on the ballot yet.
One in 12 UCSD freshmen can't do middle school math—and 25% of them had perfect 4.0 GPAs in high school.