It's impossible to overstate how retarded California's unrealized gains tax is. The *second* it *actually* passes every millionaire with the ability to move who hasn't already (why not?) will instantly race for the eject button and bail out of California. Many of them are doing it now. Many already have. They know that it will come for them next. It doesn't stop at "the billionaires." It comes for the millionaires. Then it comes for the hundred-thousanders, etc. California will lose ALL of that income tax they're currently getting. It's such a short sighted money grab robbery. It's the definition of a retarded self-own. It makes no sense.