The range of people it proposes to ensnare is staggering: every student attending college in California, anyone having a major medical procedure at a California hospital and needing an extended in-state recovery period, and those who spend two months in California away from New York or London winters. Under California tax law, there is no distinction between a nonresident from Minnesota and a nonresident from Dubai.
would include wealth earned, inherited or obtained through gifts or estates long before and long after leaving the state. The proposed wealth tax would fall on a star high-school or college athlete who grows up in California but becomes a wealthy professional in another state after graduation. It would grab a scientist who develops a drug to cure cancer years after leaving California.
It would, of course, apply to people who move to the Free State, and my friend who is forced to leave CA, because he didn’t win the visa lottery after going to school there.
I love living in California, but hostile legislation like this makes me impatient to move to the Free State.