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Blue States Are Changing The Rules For The Rich — But It’ll Cost ALL Of US
Every politician eventually runs out of other people’s money to spend. Blue state governors and legislators are just running out faster than the rest.
Right now, there is a coordinated wave of new tax proposals sweeping California, New York, Washington state, Massachusetts, Michigan and Connecticut. The common thread? They all believe the solution to self-inflicted budget crises is to reach deeper into the pockets of their most productive residents. And if those residents decide to leave, they want to charge them an exit tax on the way out. What? Is this America?
Let that sink in. An exit tax. As in, we know you’re leaving because of our lousy tax structure, and we want the door to hit you on the way out.
The proposals on the table right now
California’s Billionaire Tax Act is the crown jewel of this movement. The ballot measure would impose a one-time 5% tax on the total net worth of anyone worth more than $1 billion residing in the state. Not their income. Their net worth. Think about what that means for a founder whose entire net worth is locked up in a private company that employs thousands of people. And think about how many millionaires they made themselves building that company. You could have $2 million in liquid assets, and a $100 billion paper valuation and California would hand you a $5 billion tax bill. That’s not a tax policy. That’s an asset seizure dressed up as fairness.
Washington state, which has never had an income tax in its history just passed a 9.9% tax on incomes over $1 million. The moment that bill cleared the legislature, Starbucks founder Howard Schultz announced he was moving to Florida. Shocker. Starbucks’ own headquarters announced it’s moving to Tennessee. Shocker. When the founder and the company both leave at the same time, that’s not a coincidence. That’s a message we hear in a resounding fashion from high tax high spend states.
Michigan wants to amend its state constitution to impose a 9.25% top rate on incomes over $500,000. For residents of Detroit, the combined state and local rate would approach nearly 12%. Meanwhile, across the border in Ohio, the flat income tax rate is 2.75%. In Indiana, it’s 2.95%. You don’t need to be a certified financial planner to do that math. You just need a moving truck.
I want to be clear about something. I’m not here to defend billionaires. I’m here to defend economic reality.
The top 1% of California taxpayers currently supplies nearly half of all income tax collections in the state. Half. That’s not a sustainable revenue model. That’s a house of cards. And the moment those top earners which are not just the billionaires, but when the $500,000-a-year business owners, the startup investors, the executives start relocating, the math collapses for everyone else who stays behind.
This has already started. Six of California’s 214 billionaires left before the proposed January 1, 2026, residency cutoff. Those six people alone took $27 billion in potential tax revenue with them. Google co-founder Larry Page dropped $170 million on a Miami estate and moved his family office out of California. David Sacks who lived 30 years in the state packed up for Texas and called the proposed tax what it really is which is an asset seizure.
Here’s what I’ve learned in over thirty years as a financial advisor. Wealthy people don’t wait for the bill to arrive. They plan years in advance. The exits happening today were decided in law offices and financial planning meetings 18 months ago. The exits that haven’t happened yet are being decided right now.
Why this should matter to you even if you’re not a billionaire
Here’s where this stops being an abstract policy debate and starts affecting your daily life.
When high earners leave a state, the remaining tax base must pick up the tab. Services get cut. Or taxes get raised on the next rung of earners which are the people making $150,000, then $100,000, then lower. California, New York, and Michigan didn’t build world-class universities, hospitals, and infrastructure by accident. They built them on the backs of a thriving private economy. Dismantle the engine, and eventually the whole train stops.
There’s also a broader economic signal being sent here. When Washington state is no longer a zero-income-tax state, when California makes it financially dangerous to be a successful founder, and when Michigan punishes its highest earners at nearly 12 cents on the dollar innovation, capital, and job creation go somewhere else. And somewhere else, right now, is Florida, Texas, Tennessee, and Nevada.
What you should do right now
If you live in one of these states and you have built meaningful wealth including a business, a portfolio, a real estate holding, or a qualified retirement account this is not a news story to skim and forget. This is a planning conversation to have with your financial advisor and your estate planning attorney. Several of these proposals include exit taxes on residents who leave within five years of implementation. The window to plan proactively is now. Not after the ballot measure passes. Not after the bill is signed. Now.
Wealthy people are not a fixed resource. They are mobile, they are organized, and they have options.
And right now, those options are looking a lot like the Sunshine State instead of the Golden State.
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Sinister Code Appears on National Mall Days Before Trump’s 250 Celebration
A disturbing act of vandalism has appeared on one of America’s most historic landmarks just weeks before President Donald Trump is set to lead celebrations commemorating the nation’s 250th anniversary.
Authorities were called to the National Mall in Washington, D.C., after the numbers “8647” were discovered burned into the grass near the World War II Memorial and the Lincoln Memorial Reflecting Pool. Federal officials say the incident is being treated seriously given the increasingly charged political climate and the controversial meaning many associate with the phrase.
Photographs from the scene showed the scorched markings stretching across a section of lawn on the western end of the National Mall. The burned-out brown grass stood in sharp contrast to the surrounding green landscape, making the message clearly visible to visitors and authorities alike.

The timing of the vandalism has raised concerns because it comes just before a series of major patriotic events planned by the Trump administration to celebrate America’s semiquincentennial, marking 250 years since the nation’s founding. A massive 16-day “Great American State Fair” is scheduled to begin June 25 and continue through Independence Day festivities on July 4.
President Trump has personally championed many of the anniversary celebrations and has also pushed restoration efforts at several iconic landmarks in the nation’s capital, including improvements to the Lincoln Memorial Reflecting Pool located near the site of the vandalism.
The phrase “8647” has become increasingly controversial in recent years. While some defenders claim the term is merely political expression, many Trump supporters and administration officials argue that it has become widely understood as a reference to removing—or worse—President Trump, the 47th president of the United States. The number “86” has long been used as slang meaning to eliminate, get rid of, or remove something.
The slogan gained national attention earlier this year when former FBI Director James Comey came under fire for posting an image showing seashells arranged to display the numbers “8647.” The post generated immediate backlash and sparked accusations that the former FBI chief was promoting a message that could be interpreted as encouraging violence against the president.
Comey later removed the post and claimed he was unaware that many viewed the phrase as a call for violence. He has maintained that his actions were protected under free speech principles and has denied any malicious intent.
In response to the latest incident, White House officials strongly condemned the vandalism.
White House spokesman Davis Ingle told the Daily Mail: “Anyone who engages in or endorses political violence or assassination culture must be condemned in the harshest terms possible.”
He continued: “They should also immediately seek psychiatric help to treat their severe and debilitating case of Trump Derangement Syndrome that has warped their brains and made them sick in the head.”
The Department of the Interior echoed those concerns and vowed accountability for whoever is responsible.
“The deranged vandalism on our National Mall will not be tolerated. Any threat against the President is taken very seriously by the Department, and our US Park Police will investigate this incident and hold those responsible accountable.”
Witnesses observed U.S. Park Police officers and National Guard personnel examining the area Thursday as investigators worked to determine how the markings were created and who may be responsible.
The incident highlights growing concerns about increasingly hostile political rhetoric directed toward President Trump. Just one year after surviving two assassination attempts during the 2024 campaign, many supporters view displays such as the “8647” message as more than simple vandalism.
With millions of Americans expected to travel to Washington for the nation’s historic 250th anniversary celebration, federal authorities are expected to maintain heightened security throughout the upcoming events.
As investigators search for answers, administration officials are making clear that threats, intimidation, and politically motivated vandalism will not overshadow America’s birthday celebration—or deter President Trump from leading it.
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Sickening Spending Of Karmelo Anthony’s Family Found As Fundraiser Gets Shut Down
Just days after being convicted of murdering Texas high school student Austin Metcalf and receiving a 35-year prison sentence, Karmelo Anthony is now claiming he is too poor to afford legal representation for his appeal—a claim raising serious questions given the hundreds of thousands of dollars raised in his name over the past year.
Anthony, 19, was convicted Tuesday for the fatal stabbing of 17-year-old Austin Metcalf during a confrontation at a high school track meet in Frisco, Texas. The case drew national attention and sparked intense public debate after Anthony claimed he acted in self-defense, an argument ultimately rejected by the jury.
Following his conviction, Anthony quickly filed a notice of appeal seeking to challenge the verdict. However, court documents obtained by local media reveal that Anthony is now asking the court for assistance, claiming he lacks the financial resources necessary to hire an attorney.
In the filing, Anthony described himself as a “penniless, destitute, and indigent person, too poor to employ counsel to represent me on the appeal.”
The claim has generated renewed scrutiny because Anthony’s family previously benefited from an online fundraising campaign that brought in an enormous amount of money following the fatal stabbing.
The GiveSendGo fundraiser, titled “Help Karmelo Official Fund,” reportedly raised nearly $634,000 before being removed from the crowdfunding platform. The campaign was launched on April 15, 2025, less than two weeks after the deadly incident that took Austin Metcalf’s life.
The fundraising effort originally sought to collect nearly $1.4 million and received donations from supporters across the country. According to the campaign description, the money was intended for more than legal expenses.
“While legal defense is a critical part of this journey, we want to make it clear that this fund is not solely dedicated to legal expenses. The funds raised will also support a range of urgent and necessary means that have emerged as a result of the situation, including – but not limited to – the safe relocation of the Anthony family due to escalating threats to their safety and well-being, as well as basic living costs, transportation, counseling, and other security measures.”
Questions remain about exactly how the funds were spent and whether any portion remains available to assist with Anthony’s appeal.
The fundraiser’s removal also generated attention online. GiveSendGo addressed the decision in a public statement, explaining that the campaign had effectively completed its mission.
“The fundraiser was created to support pre-trial needs, and those funds were dispersed over the past year for lawful purposes, including legal defense and family relocation with that stated purpose now complete the fundraiser has been closed. Our policy is that a fundraiser stated purpose stays accurate so givers always know what they are supporting.”
The platform did not provide a detailed accounting of how the money was distributed, nor did it indicate whether any funds remained under the control of Anthony or his family.
Meanwhile, reports indicate that another fundraising effort has emerged on behalf of the Anthony family. The new campaign was reportedly organized by Dominique Alexander, a Dallas-area activist and minister who frequently appeared as a spokesman for the family throughout the legal proceedings.
The conviction marked the conclusion of one of the most closely watched criminal trials in Texas in recent years. Prosecutors argued that Anthony’s actions were unjustified and presented evidence showing that Metcalf was unarmed when he was stabbed. The jury ultimately sided with the prosecution and delivered a guilty verdict.
For many observers, Anthony’s claim of financial hardship has become one of the latest controversial developments in a case that has already generated widespread public outrage. While he pursues an appeal from prison, critics are questioning how someone connected to a fundraising effort that collected nearly $634,000 can now claim to be unable to afford legal counsel.
The appeal process will move forward in the coming months, but Anthony’s assertion that he is “penniless” is likely to remain a major point of public debate as the case continues to unfold.
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‘Guilty As Hell’: Dems Panic After Alarming Discovery On Capitol Hill
The walls may be closing in on one of the Democratic Party’s most powerful fundraising operations.
ActBlue CEO Regina Wallace-Jones stunned lawmakers Wednesday when she repeatedly invoked her Fifth Amendment right against self-incrimination during a congressional hearing investigating allegations that the Democrat fundraising giant may have accepted potentially illegal foreign donations.
The hearing, led by House Republicans, focused on mounting concerns surrounding ActBlue’s fundraising practices and whether the platform failed to stop suspicious donations from foreign sources. ActBlue serves as the primary online fundraising hub for Democratic candidates and progressive causes, processing billions of dollars during the 2024 election cycle.
What should have been a straightforward opportunity for Wallace-Jones to reassure lawmakers quickly turned into a spectacle as she refused to answer question after question under oath.
Rep. Jim Jordan (R-OH), chairman of the House Judiciary Committee and one of the leading investigators examining ActBlue’s operations, directly challenged the CEO about allegations that the organization accepted millions of questionable donations.
The exchange quickly became one-sided.
“Your board chairman said ActBlue accepted up to 38 million contributions in 2024 that had the signs of foreign origin. How much fraud is too much fraud?” Jordan asked.
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution,” Wallace-Jones responded.
Jordan continued pressing for answers.
“How many foreign contributions did ActBlue accept?”
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution.”
“How much money did ActBlue accept from Russia?”
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution.”
Jordan then turned to the growing turmoil inside the company.
“Why did your entire legal team quit? Your in-house legal team?”
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution.”
“Did your legal team quit because of reduced fraud standards?”
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution.”
Finally, Jordan delivered one of the most direct questions of the hearing.
“Did you weaken your fraud standards to help Democrats?”
“On the advice of counsel, I respectfully declined to answer the question pursuant to my Fifth Amendment rights under the Constitution.”
By the end of the hearing, Wallace-Jones had invoked the Fifth Amendment 22 separate times.
The controversy surrounding ActBlue extends far beyond a single hearing. According to congressional investigators, five other ActBlue employees previously invoked the Fifth Amendment a combined 146 times during depositions. A joint interim staff report produced by the House Administration, Judiciary, and Oversight Committees alleged evidence of illicit foreign donations and what investigators described as a subsequent cover-up inside the organization.
The report also detailed a wave of resignations and dismissals within ActBlue’s legal and compliance departments following the 2024 election, raising further questions about what company insiders knew and when they knew it.
Federal law strictly prohibits foreign nationals from contributing to American political campaigns. These safeguards exist to protect the integrity of U.S. elections and prevent foreign governments or outside actors from influencing the political process through financial contributions.
Republican investigators argue that ActBlue’s verification systems may have been insufficient to prevent suspicious donations from entering the Democratic fundraising pipeline. Concerns have centered on donations linked to foreign IP addresses, prepaid debit cards, and potential straw donor schemes.
Critics note the irony that many Democrats spent years warning Americans about foreign election interference while now facing serious questions about whether foreign money may have flowed through their own fundraising infrastructure.
Adding fuel to the controversy, reports indicate that some of ActBlue’s own attorneys raised concerns internally regarding fraud detection and donor verification procedures. The departure of key legal and compliance personnel has only intensified scrutiny from lawmakers.
While invoking the Fifth Amendment is a constitutional right and does not constitute an admission of guilt, the optics of a CEO refusing to answer basic questions about foreign donations, fraud controls, and internal resignations are likely to deepen public skepticism.
For Republicans, the hearing represents yet another step toward uncovering what they believe could be one of the largest campaign finance scandals in recent memory. With congressional investigations continuing and additional records expected to be reviewed, pressure on ActBlue appears unlikely to ease anytime soon.
As lawmakers seek answers about suspicious donations and potential foreign influence, Wallace-Jones’s repeated refusal to address the allegations has only amplified calls for greater transparency from the Democratic Party’s fundraising powerhouse.
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