Look for a similar measure from Illinois, and New York soon.

This seems like the best reason I can find to buy physical gold (eg bars) to keep in your own possession. I can see this coming here to this country. We already have emigration taxes on capital gains -- you must pay your capital gains taxes in order to renounce your citizenship. This is what CA wants to do as well.

Buy gold and take it with you...Switzerland and the Caymens will do a bang up buisness

Lucette Lagnado describes something similar (if not worse) in "The Man in the White Sharkskin Suit," where she describes her (Jewish) family´s departure from Egypt:

"We had only a couple of months to sell our apartment and liquidate all our possessions. Under the draconian laws of the Nasser regime, we could take nothing with us save for a few Egyptian pounds; my family was allowed the equivalent of $200 for all six of us."

So Egypt has never had any trouble despoiling those who want to leave. Let´s hope that electronic money transfers (which didn´t exist in 1963) will make things easier for some of the people leaving.

I think the smart people in Egypt have spent the last 2 years getting assets out of the country, just in preparation for a move like this.

Fancy that. Nobody wants to live under your tyranny.

This is exactly the kind of thing the Demcrats want as our wealthiest people leave the country to avoid punitive taxes.

The Jews in Nazi Germany would leave with collectable postage stamps sewn inside their clothes and would sell them once they reached freedom for a fraction of their worth so they could at least recoup some of their lost fortunes while leaving a Germany intent on plundering whatever wealth they could.

Coming soon to an America near you!

Nazis did the same thing to Jews.

Seems like I saw something about an ´exit tax´ being considered in California also ...

I would like to see Texas invoke a ´newcomers qualification test´ wherein one´s political leanings would be used to limit where you could live. Liberals would be limited to the Austin area primarily, and forbidden from running for political office for ten years.

There is a long history of this behavior. South Africa did it as people fled the new post-Apartheid rule, and, of course, as other neighbors of SA seized white-owned land and businesses, they instituted the same restrictions as well. It’s the economic equivalent of the Berlin Wall. When your country becomes unlivable, you forbid people and money from fleeing. It’s the socialist way.

I like your style #9. I only wish that the late Gov. Tom McCall would have made that a part of his policy when he was Governor of Oregon. Maybe we wouldn´t have as much trouble with liberal policies as we do now.

#2,3 - do you think the guards are too stupid to search people leaving? They´ll be inspected before they leave for any type of assets. Besides, gems would be easier since they´re worth more, are smaller and harder to detect.

Sandy Burglar could get out of the country with gold bricks in his socks.

All amounts over $100k in 401k accounts will be transferred to a government run ´pension fund´ - Under the "Retirees Income Protection Act of 20**. Sounds far fetched? So did the Kenyan´s re-election.

Of course California will be heralded as the pioneer in such stuff. If I am not mistaken some cities such as Philadelphia already tax visiting sports teams. I remember reading that a few overpaid professional sports thugs were complaining about all the tax stuff they had to report.

#12 I am not really thinking about Egypt... more about the USA. And I am also imagining a sailboat leaving a harbor early in the morning for a "day sail" with maybe a golden keel.