10 thoughts on “The New SpaceX Millionaires”

1. The taxes are a hell of a lot better, as well. Especially when California passes the billionaire tax, which would soon be applied to non-billionaires.

   1. Yeah, I’d like to bet on how soon it’ll apply to mere millionaires. I’d bet it’s a lot sooner than people think.

      1. As soon as a few billionaires head out

         1. That’s a 1000 millionaires per billionaire?

   2. I like to call it fare share taxation. And no, not that’s not a typo.
      But it makes for a great sound bite.

      You’ll be paying their fare’s share.

2. I suspect a fair number of them already had their exit plans made well in advance.

   1. We know they’re not stupid

3. Can they still get bit by some California Retroactive Tax?

   That sort of tax seems rather illegal to me, but maybe the state law allows it….or can be changed to allow it.

   1. Can they still get bit by some California Retroactive Tax

      To a modest extent maybe. The California one if put on the ballot and passed would apply the tax to the calendar year so even though it would become active late in 2026, it would apply to all of 2026. Prior calendar years are right out.

      I think it’ll be a very uphill battle since the US Constitution explicitly prohibits states from creating ex post facto law in very general and similar ways (for example, extending statute of limitations on criminal acts that already happened.).

4. Billionaire’s & Millionaire’s Tax?

   I thought that was colloquially known as a “voluntary” campaign contribution? aka taxation insurance…

Comments are closed.