Letters to the Editor: A crypto startup leaving California? It won’t be missed
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To the editor: Oh no! How will we ever recover from the loss of cryptocurrency startup (check notes) BitGo moving to (check notes) South Dakota (“California crypto startup moves to South Dakota as debate over proposed wealth tax heats up,” Jan. 21)?
I’m beginning to warm up to the proposed ballot measure to levy a one-time tax on California’s billionaires. It seems like a great vehicle to rid the state of greedy, selfish and pampered residents.
Fred Gober, Playa Vista
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To the editor: The proposed tax on billionaires should be 3%, not 5%. Generally speaking, billionaires would no doubt pay no taxes if they could and, with numerous loopholes already, they pay a low relative rate.
But at a tiny 3% for just 200 billionaires, even a billionaire at the lower end of the scale might feel that is a fair additional tax for all their “hard work.” It would help the other vast majority of taxpayers with lower taxes. Would any billionaire with a sense of shame argue against that?
Steve Watson, San Clemente
