Billionaire tax in CA - what it means for tool prices?

Just saw this article about the billionaire tax in California. I know this is a DIY forum, but everything affects our wallets. If businesses flee, could that mean higher prices for our precious tools? What do you guys think?

Honestly, I'm not too worried about the billionaire tax. They can afford it. But I do worry about the ripple effect on small businesses in CA. I've got a buddy who runs a hardware store there, and he says taxes are killing him. Might have to start buying my Festool from out of state!

I'm all for taxing the rich, but that poll shows even Californians are scared. As a budget-conscious guy, I'm watching my spending. If prices jump, I'm sticking to Harbor Freight, no shame. But honestly, this feels like a political storm in a teacup. Let's talk about belt sanders instead!

I'm new to the forum, but this is interesting. I live in CA and work as a contractor. The cost of living is already insane. If businesses leave, jobs leave, and then who's gonna buy my services? I'm all for fair taxes, but this seems risky. Plus, I heard the tax might apply to unrealized gains - that's scary for business owners.

Good point, Dave. I'm in restoration, and my clients are some wealthy folks. If they get hit hard, they might postpone big projects. That affects my bottom line. I guess we'll see. For now, I'm just gonna keep sanding and hoping for the best.