GOVEROTRAGEOUS: Are rich people are stupid?

Tuesday, May 12, 2026

https://reason.com/2026/05/04/seattles-socialist-mayor-laughs-at-wealthy-residents-leaving-to-escape-high-taxes/?utm_source=Reason+Magazine&utm_campaign=018b3a82a1-reason_brand%7Crattler%7C2026_05_04&utm_medium=email&utm_term=0_-329ed823d6-589247507

Seattle’s Socialist Mayor Laughs at Wealthy Residents Leaving To Escape High Taxes

  • “Bye!” Mayor Katie Wilson says with a wave to those who want out.

J.D. Tuccille | 5.4.2026 7:00 AM

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Wilson’s comments came during an April 16 discussion about “The New Progressives” as part of Seattle University’s Conversations series. Wilson and King County Executive Girmay Zahilay fielded a series of questions by host Joni Balter and graduate student Ari Winter.

Asked about major companies leaving or threatening to leave over Seattle’s and Washington’s escalating tax burden, Zahilay acknowledged that “everything is a tradeoff” and “of course I think taxes can make companies make decisions about staying or leaving.” You wouldn’t necessarily want to live under his policies, but he sounds like he understands that his decisions may drive people out and impose costs on the community.

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These politicians and bureaucrats must think rich people are stupid. They didn’t get “rich” by being stupid.

I don’t think so.

People CAN “vote” with their feet.  Capital flees to the most favorable jurisdiction.  With ₿itcoin, you don’t need to fear “confiscation”.

Argh!

“What do you call it when someone steals someone else’s money secretly? Theft. What do you call it when someone takes someone else’s money openly by force? Robbery. What do you call it when a politician takes someone else’s money in taxes and gives it to someone who is more likely to vote for him? Social justice.” — Thomas Sowell

The Pepuls Republik of Nu Jerzee should take a lesson.

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ENCOURAGING: Swiss Say ‘No’ to Soaking the Rich

Wednesday, December 10, 2025

‘Inequality in Opulence is Better than Equality in Poverty’ — Switzerland Finance Minister Karin Keller-Sutte 

# – # – # – # – #

https://reason.com/2025/12/03/switzerland-just-overwhelmingly-rejected-a-new-wealth-tax-will-california-lawmakers-learn/

Switzerland Just Overwhelmingly Rejected a New Wealth Tax. Will California Lawmakers Learn?

  • The hammer of heavy wealth and inheritance taxes falls hardest on those still climbing the economic ladder.

J.D. Tuccille | 12.3.2025 7:00 AM

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California progressives are pushing a wealth tax that would skim 5 percent of the assets of billionaires to cover the state government’s fiscal gap. That is, it would hit billionaires to start—there’s no telling who would come to be regarded as wealthy enough to be fleeced as the state’s spending likely continues to outstrip its revenues. But before Californians proceed down the path of chasing high earners out of the state, they should consider the example of Swiss voters, who just rejected a billionaire tax of their own.

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Unfortunately, all the “We, The Sheeple” in the Pepuls Republik of Kaliforkneeah are NOT smart enough to realize that, like the Federal Gooferment’s income tax, eventually in a few years will come “down” to include everyone. 

Argh!

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