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They are contributing. They might have businesses in California. They spend money in California for leisure and hiring people to maintain their properties. If they contribute nothing, why are states such as Florida and Texas encouraging them to come?
im sure if you lick their boots reeeaal nice they may even let you lick their ass
Businesses do not pay wealth tax and will stay where they are. They'd also be much costlier and harder to relocate than private residences.
A person can only consume so much, regardless of how rich they are (that's the entire core of the issue here). The gardener trimming their bushes doesn't really make a difference in the big picture.
States are encouraging them to come because A they are run by politicians who want those sweet donations and B they are run by neoliberals who have bought into the same myth that individuals with wealth automatically create jobs and wealth magically trickles down.
From https://nypost.com/2026/05/06/us-news/billionaire-ken-griffin-scales-back-nyc-jobs-in-response-to-mamdanis-tax-the-rich-antics-sparking-fears-wealthy-exodus-has-begun/
Mamdani may find his desire to stick it to the rich will leave fewer of them to tax in New York City, warned John Ketcham, senior fellow at the Manhattan Institute.
“New York City is losing its competitive edge and Mayor Mamdani makes it far less competitive,” he said.
“Investors and job creators have options and they will go where they’re treated well. Increasingly New York City has treated them inhospitably. New York City leaders have assumed they can’t do business elsewhere, even though we have seen in the last several years a dramatic expansion of the financial sector’s activities in states like Florida and Texas.”