The Golden Exit: $2.5 Trillion Fleeing California
Private polls show 80-90% of billionaires already gone or leaving. This isn't about the rich—it's about California's survival.
BART is facing twin scandals: it can't produce the invoice for a consultant report it commissioned arguing fare enforcement was pointless — even as it pursues a new tax measure — and an encampment fire it knew about but failed to clear shut down the Transbay Tube for over 12 hours last month. Meanwhile, Tom Steyer is running for governor on a property tax pitch built around inflated numbers and a rebranded 1978 Democratic law he's calling the "Trump Tax Loophole."
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.