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title: "If you have wealth, now is probably time to leave CA, since the state…"
date: 2020-12-21
source: facebook
type: Archer T. Ships shared a link.
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# If you have wealth, now is probably time to leave CA, since the state…

*December 21, 2020 · Facebook*

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[https://www.wsj.com/articles/a-california-plan-to-chase-away-the-rich-then-keep-stalking-them-11608331448](https://www.wsj.com/articles/a-california-plan-to-chase-away-the-rich-then-keep-stalking-them-11608331448){target="_blank"}
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If you have wealth, now is probably time to leave CA, since the state government intends to become a lot more grasping.\
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\"California's Legislature is considering a wealth tax on residents, part-year residents, and any person who spends more than 60 days inside the state's borders in a single year. Even those who move out of state would continue to be subject to the tax for a decade---a provision that calls to mind the Eagles' famous "Hotel California" lyric: "You can check out any time you like, but you can never leave."\
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The California Constitution probably allows a statewide wealth tax on residents, but any effort to create a tax capable of reaching across state borders is likely to run afoul of the U.S. Constitution. Taxing someone who spends only 60 days in the state in any single year---and extending that tax over an ensuing decade---would be something new under the sun.\"
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