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People who hold it as the stake in their own company, which happens to be in an industry that's having to buckle down under COVID?
But look, people with $30m are going to be a rounding error on this thing. The people you have to worry about are the billionaires who are already spending their new remote workdays a couple hours up the coast and stand to save millions more if they just move an hour further.
Exactly. And why build a start up in CA, when if you are successful, you'll have to sell illiquid private shares worth .4% of your company EACH YEAR to pay the tax. Ditto for early employees with OPTIONS. That's a nightmare.
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