{"id":145063,"date":"2026-01-22T19:12:20","date_gmt":"2026-01-22T19:12:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/145063\/"},"modified":"2026-01-22T19:12:20","modified_gmt":"2026-01-22T19:12:20","slug":"a-crypto-startup-leaving-california-it-wont-be-missed","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/145063\/","title":{"rendered":"A crypto startup leaving California? It won&#8217;t be missed"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">To the editor: Oh no! How will we ever recover from the loss of cryptocurrency startup (check notes) BitGo moving to (check notes) South Dakota (<a href=\"https:\/\/www.latimes.com\/business\/story\/2026-01-21\/california-crypto-startup-moves-to-south-dakota-as-debate-over-proposed-wealth-tax-heats-up\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:\u201cCalifornia crypto startup moves to South Dakota as debate over proposed wealth tax heats up,\u201d;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">\u201cCalifornia crypto startup moves to South Dakota as debate over proposed wealth tax heats up,\u201d<\/a> Jan. 21)?<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">I\u2019m beginning to warm up to the proposed ballot measure to levy a one-time tax on California\u2019s billionaires. It seems like a great vehicle to rid the state of greedy, selfish and pampered residents.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Fred Gober, Playa Vista<\/p>\n<p>Advertisement<\/p>\n<p>Advertisement<\/p>\n<p>Advertisement<\/p>\n<p>Advertisement<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">..<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">To the editor: The proposed tax on billionaires should be 3%, not 5%. Generally speaking, billionaires would no doubt pay no taxes if they could and, with numerous loopholes already, they pay a low relative rate.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">But at a tiny 3% for just 200 billionaires, even a billionaire at the lower end of the scale might feel that is a fair additional tax for all their \u201chard work.\u201d It would help the other vast majority of taxpayers with lower taxes. Would any billionaire with a sense of shame argue against that?<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Steve Watson, San Clemente<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">This story originally appeared in <a href=\"https:\/\/www.latimes.com\/opinion\/letters-to-the-editor\/story\/2026-01-22\/bitgo-crypto-leaving-california\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Los Angeles Times;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Los Angeles Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"To the editor: Oh no! How will we ever recover from the loss of cryptocurrency startup (check notes)&hellip;\n","protected":false},"author":2,"featured_media":143018,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[71721,7,9,8,72478,72260,36927],"class_list":{"0":"post-145063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-bitgo","9":"tag-california","10":"tag-california-headlines","11":"tag-california-news","12":"tag-check-notes","13":"tag-initial-public-offering","14":"tag-south-dakota"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/145063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=145063"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/145063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/143018"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=145063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=145063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=145063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}