Steven Spielberg is estimated to have assets worth between 5 and 7 billion. This makes him one of the richest SOBs in Hollywood, but thanks to years of voting for, funding, and supporting Democrat campaigns, can he no longer “afford” to live there?
While ET wanted very much to phone home and then go home, is Steven leaving his because elections have consequences?
Timing is everything.
I should acknowledge that it is good to see him still married to Kate Capshaw, whom he left his first wife for after Kate’s stint in one of the Raiders movies. And the Lib press and fact checkers are all in on their reasoning. Kate allegedly wants to move to Manhattan to be closer to their kids, and that’s why they are moving.
They’ve been planning it for a while, they say, but I’m not so sure I believe that. Talking about it. Thinking about it. Probably. But Spielberg’s universe and the ongoing accumulation of wealth are centered in California. So, is it that they’ve been planning it or that the state he called home is going to take him for 5% of his assets?
First, someone has to nail that number down, and second, Spielberg has to write a check if he stays; it costs him 350 million plus all the other taxes he pays his accountants to help him avoid every single year, and no liberal wants to pay taxes. In fact, and this applies with wings to the wealthy left, for all the chatter about paying their fair share, none of them (I’m aware of) save the rest of us the bureaucratic bother and expanded cost of government, and just write an extra “my fair share” check to the IRS every year.
Rich people hand out money all the time. They give it to assholes like Gavin Newsom so he can then pretend to be a warrior for the people who will make people like himself (Gavin is worth “around 30 million”) pay. But this isn’t our first historical rodeo with class warriors, and nowhere in human history do we find the rich who support them writing checks to the tax man or that act fixing or solving anything as advertised.
In fact, the combination is notorious for the systemic decline of everything into a two-class system of intolerant rulers and their class war casualties.
Stop talking about paying a fair share and just do it. Every year. A few times a year. You can afford it, right? Send the state and federal tax collectors a check. Brag about paying your fair share, and then challenge your peers to do the same. The Tide Pod Challenge with money.
There is, of course, some risk. It’s like tipping. If you are known to be well-heeled and you don’t over-tip to excess, the world is likely to find out. Social media will paint you as a cheap bastard. It’s more of the same class warfare rhetoric. No matter how bad the service is, you didn’t deserve it, but they do. You could afford to give more, you rich bastard, and that sort of thing. If rich liberals started writing checks to the IRS, they would paint a target on their backs, much the way wealthy entertainment moguls do when they pull up stakes right before a massive wealth tax.
It’s not a coincidence.
Whatever quiet conversations Steve and Kate were having about being closer to the kids while sipping Leroy Musigny Grand Cru on the Chesterfield were triggered by the unquenchable hunger of the beast they helped create.
Timing is everything, and Newsom will still get a big chunk of Spielberg. I assume most of his production assets are staying in Cali, and the State is notorious for taxing you even after you leave, including income generated from interests in the state. So, Steven is leaving his home, but he can’t escape the taxes. He is also leaving for Manhattan, which is a strange place for a rich guy to land.
Maybe he’s not leaving home so much as taken leave of his senses.
