Mark Zuckerberg Threatened to Leave California. Meta's Board Cut Him a Deal

otterley

Gift article URL: https://www.wsj.com/business/mark-zuckerberg-discussed-leavi...

measurablefunc

National wealth tax fixes this problem b/c then they'd have to leave the country entirely & there is nowhere they can go.

ssttoo

I don’t get the threat from folks like Zuckerberg and Brin. First of all these feel like empty posturing. But if they are not, what if they do leave CA? And even if (however unlikely) they take the HQs with them? What does CA lose? It’s not like these folks and companies are paying their share anyway. What am I missing?

lrvick

So New Mexico hits Meta with record fins and settlements for knowingly violating privacy rights, and endangering children and for repeatedly lying about it. Meanwhile in California we are doing anything we can to keep him here even fully knowing he is one of the most evil and hated people on earth. That checks out.

everdrive

What you might not realize is that except for those living in CA, this is a major threat. We don't want your evil billionaires. Please stay in CA. Ideally, don't even leave the state. If you know what legislation keeps billionaires away, please let me know.

cdrnsf

Good riddance.

ppeetteerr

Tesla’s move to austin had little effect on california. These people also hide their income so it doesn’t risk much in way of taxes.

ChrisArchitect

Earlier: https://news.ycombinator.com/item?id=50193581

hightrix

The whole point of taxing wealth is that these leeches are not paying their fair share today. So if Zuck leaves, he’ll just go not pay taxes in another state while using the states resources. This isn’t a threat. I’d argue many Californians would enthusiastically support this.