by Martin Armstrong, Armstrong Economics:
People have been leaving California in droves due to Governor Gavin Newsom’s socialistic Utopia that demands everyone be taxed on every penny they earn. I’ve long warned that California was unfriendly for businesses and investors. Those who stayed behind will now need to pay to leave under Assembly Bill 2088.
California plans to implement a one-time tax for businesses and individuals fleeing the Golden State. The government will look at all of your assets and investments to determine how much you will need to pay, which is usually 0.4% of someone’s net worth. Wealth historically flees when taxes rise, and to combat this issue, California plans to tax anyone with an income for $30 million for up to a full decade after they leave the state. Someone leaving the country entirely will still be forced to pay California for the privilege of leaving.
French president Emmanuel Macron has suggested the submarine-launched nuclear warheads are fanned across the continent to create a ‘nuclear umbrella’ over Europe
WASHINGTON, (Sputnik) – The United States is rapidly losing influence across Africa and its military footprint on the continent is shrinking following the announcements of troop withdrawals from Niger and Chad that could serve as a catalyst for other countries to follow suit, analysts told Sputnik.
