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A comment on California plan for wealth tax on anyone who spends 60 days a year in the state. Parent comment
What? Y-combinator takes in lots of people for more than 60 days and they're on track to make a lot of money given the success rate of YC startups.
>> When people are getting 5-6% returns on investments (minimum), 0.4% is still not even stopping the rich get richer effect.
How is that relevant to taxing people who dont live there?
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What? Y-combinator takes in lots of people for more than 60 days and they're on track to make a lot of money given the success rate of YC startups.
>> When people are getting 5-6% returns on investments (minimum), 0.4% is still not even stopping the rich get richer effect.
How is that relevant to taxing people who dont live there?