Steven Spielberg Flees California Amid Raging Wealth Tax Battle [zero hedge]
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Steven Spielberg Flees California Amid Raging Wealth Tax Battle Another day, another rich liberal leaving a state over policies they promoted. In today's episode of modern hypocrisy, Steven Spielberg , director of blockbuster hits like Jaws , E.T. , Poltergeist and Saving Private Ryan , has moved to Manhattan , according to the Los Angeles Times . A spokesperson for one of Hollywood’s most reliable Democrat Party donors was quick to insist the relocation has nothing to do with California’s highly controversial wealth tax proposal. “ Steven’s move to the East Coast is both long-planned and driven purely by his and Kate Capshaw’s desire to be closer to their New York-based children and grandchildren ,” spokeswoman Terry Press told the newspaper. Unsurprisingly, Press declined to say where Spielberg stands on the wealth tax when asked. California is now seriously considering a new wealth tax targeting billionaires, including a levy on unrealized gains. The idea has already spooked invest
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