GOV. NEWSON BUILDING FINANCIAL BERLIN WALL TO KEEP FOLKS IN CALI

Jan 26, 2023

Rob Lauer Political Reporter

North Korean Communist Dictator, I mean California Governor Gavin Newsom, is pushing a law that will steal more money from fleeing former California residents. As one of the highest tax states in the country is set to impose a “wealth tax on total assets,” causing successful folks to flee to states like Nevada. So the Communists who run California are now pushing an “exit tax”. Yep, even after you leave California, they want to keep taxing you.

Every Communist dictatorship eventually finds themselves either killing their own folks and or building walls to keep them in. Cali is erecting a financial Berlin wall to keep rich folks and their money in state.

“It’s like the song ‘Hotel California’,” said Fox News Financial contributor Charles Payne,”You can check out any time you like, but your wallet can never leave”.

The fact that they are going after super rich folks first means the law is certain to be tested in the courts and may be an issue the U.S. Supreme Court takes up eventually.

Dems in Congress have been pushing the same concept for fleeing billionaires who move offshore to escape taxation. Currently, even if you leave California, but your business or other investments, like real estate, are still in Cali, any income you derive inside Cali is taxable by Cali. But Cali has taken that to an entirely new level, forcing folks to prove where they actually spend their time by documenting their time in state and out of state.

So, if you’re successful and have assets in Cali, get them out now before it’s too late. From personal experience growing up in California, I can tell you that their corruption knows no bounds.