The poorest billionaire in California will make about $300 million this year. If we pass the CA wealth tax, he will only make $235 million. In exchange, millions of the poorest Californians will get health insurance. That’s the tradeoff billionaires are not willing to make.
Billionaire like living in nice places. Rich people that threaten to leave almost never actually follow through on those threats, because even the nicest compound in Mississippi is still in Mississippi.