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Here, below, is a press release announcing that a person worth $50-100B (depending on SpaceX valuation) has left California. And this is one person! There are many, many others. Now, California’s budget can exclude any tax revenue from Peter Thiel going forward. And it will learn the hard way the many others for whom this is now also true. Why was this asset seizure law, falsely labeled as a “Billionaire Tax”, a smart idea, again? Why didn’t Newsom kill it? Because he wanted more revenue to leak to daycares? All the billionaires are leaving now so only the millionaires and middle class will be left. Mathematically, it means California tax revenue and future income taxes are about to fall off a cliff. Are you still sure the new proposed asset seizures won’t reach you?! How will they pay for the fraud, waste and abuse?