To wonder why anyone needs more than $1billion (California Billionaires Tax)

[UnbeatenMum]

I get that you could spend a few million on property and a few million on living costs. I get that people want to leave legacies for their children. I get that some of the wealth could be tied up in businesses that their owners want to retain control over. But doesn't it look really bad to be leaving the state because of a billionaires tax that is primarily going to fund health care? What do they actually need that amount of money for anyway? Is it power, or can you actually spend that much in a lifetime?

Yanbu. It's a collosal amount of multi-generational luxury.
It pays for a jet, yacht, multiple homes and staff, lawyers, healthcare, art, jewels, cars, couture, holidays, education etc.

YANBU. I’m in favour of taxing billionaires pretty heavily. No one needs that much money. Elon is a trillionaire now isn’t he? Ridiculous.

Trump must be worth a few bob