(Editor’s note – The Sept. 27 tweet in which Gundlach invited real estate agents to call him has been deleted.)
Jeffrey Gundlach may be on the move.
The DoubleLine Capital chief executive officer tweeted an invitation for real estate agents in “low tax, well governed” U.S. states to call him, as he openly pondered leaving his Los Angeles base.
Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance. The “response” from Sacramento? Wealth and massive income tax increases on job creators (AKA “the wealthy”). Should I align with 3 smart guys, or Sacramento? Hmmm.
— Jeffrey Gundlach (@TruthGundlach) September 26, 2020
In a series of tweets, sent late Saturday on the West Coast, the billionaire investor said that public figures including Elon Musk “are leaving California to escape incompetent governance.”
Like many states in need of more revenue due to the economic ravages of the global pandemic, California is considering raising taxes on its richest residents. Democratic lawmakers in Sacramento have proposed increasing the top rate to 16.8% from 13.3% for incomes over $5 million, with changes retroactive to Jan. 1.