Subject: Re: In view of what's happening in Cali
If the net worth tax passes in Cali how much actual money, dinero, rev, will it generate?

Either zero, or a modest amount. Zero, in that there are some constitutional objections to the proposal that might end up defeating collections altogether. If it survives, then a modest amount, in that avoidance and legal challenges and the like will end up reducing the total collected to well below what advocates hope for.

How much damage will it do to the state of Cali , its economy and its finances , going forward?

Also a modest amount. Some small number of billionaires will have moved their permanent residency out of California....but those folks don't actually have a single place where they live to begin with, so it doesn't have much of an impact. Also, the folks who are willing to move over this are folks that were never going to realize any big tax payments to California anyway - like Bezos, they'll move out of state once they're ready to do any big asset sales so they don't expose themselves to state income tax.

Again, this is why the Democratic party (including Newsome) didn't push for anything like this. It came from a petition. The political leaders don't want to do this to Silicon Valley. Which is why expectations that Democrats and Republicans (or even just Democrats) are going to come together to eliminate tax loopholes, when that's almost never happened in the past, are unrealistic.