When shit like this happens, the state should be eminent domaining the shit out of the property he owns in California instead of letting him sell it for a profit. You can’t take it with you, biiiiiiiiiiitch!
Eminent domain is when the government forces someone to sell their assets to the government. In exchange, the government must pay them the fair market value.
In other words, the government would be the one paying them all that profit.
Yeah, the word to use here is civil forfeiture. “Oh but that’s not how civil forfeiture works”, well the way cops use it is not how it works either so I think we’re good.
When shit like this happens, the state should be eminent domaining the shit out of the property he owns in California instead of letting him sell it for a profit. You can’t take it with you, biiiiiiiiiiitch!
Yup, “leaving” should mean selling everything, triggering a taxable event, otherwise the millionaire tax still applies.
That’s not how eminent domain works. At all.
Eminent domain is when the government forces someone to sell their assets to the government. In exchange, the government must pay them the fair market value.
In other words, the government would be the one paying them all that profit.
Yeah, the word to use here is civil forfeiture. “Oh but that’s not how civil forfeiture works”, well the way cops use it is not how it works either so I think we’re good.