Comment Re: Wait...? (Score 1) 93
Horseshit.
The article claimed an increase in venture capital investments in CA was proof that billionaires weren't fleeing CA to avoid a wealth tax.
The two things are untelated.
Where in the article does it make that claim?
If you're talking about the implication in the headline, I took it as a brag about having a very large pipeline to mint new billionaires, possibly the largest. As in it doesn't matter. They're not wrong.
From the other end, being the destination for a bunch of rich people moving in doesn't really mean shit. My experience from the New England area is that being the place a bunch of rich people from out of state move to just fucks with property taxes and home prices. I mean they're moving there to get away from where they made their money keep more of what they have to themselves, that's sort of the point. I just don't think that's a controversial viewpoint from a place where rich people like to retire to, no matter what side of the aisle you're on.