California can’t just seize corporate assets owned by multiple interested parties in order extract funds from one individual.
That’s the whole issue with this toothless law, California can’t enforce it. Even if they’re able to seize a couple residences, the property in them, some vehicles, etc. There will be decades long court battles over those assets, and they still won’t add up to the hundreds of millions of dollars that a multi-billionaire would be responsible for under this tax.
Again, that’s not how this works.
California can’t just seize corporate assets owned by multiple interested parties in order extract funds from one individual.
That’s the whole issue with this toothless law, California can’t enforce it. Even if they’re able to seize a couple residences, the property in them, some vehicles, etc. There will be decades long court battles over those assets, and they still won’t add up to the hundreds of millions of dollars that a multi-billionaire would be responsible for under this tax.
You heard it here folks. Time to give up!
Darn, guess governments can’t do anything, may as well not try.