opinions are a dime a dozen but i probably would not vote for this (not that i care where anyone lives) but: 1) if only to keep that much money out of Sacramento 2) there are folks that donate a significant portion of their wealth, are they exempt? 3) we saw gross mismanagement and/or corruption of homeless funds (plus box buildings without parks, landscaping i.e. everything that makes an environment safe, pleasant & liveable) 4) municipal & counties do most schools not states (junior college system in Cali is a high value sleeper hit, so education funds should not go to the state coffers) 5) why not set up a donation system like a wedding registry so better coordination between donors & social needs that involves an element of choice rather than forcing money in the hands of people who may not execute well 6) capital is not cash so they are trying to tax unrealized wealth—makes no sense. going to have to agree with gross thiel on this one!

the Guardian

Tech titans divided over whether to pay billionaire tax or flee California

State residents worth more than $1bn could face one-off, 5% tax to help fund education, food assistance and healthcare