The Case for California's Billionaire Wealth Tax

Opinion piece with no relevant facts, but lots of class envy

Example: “the combined wealth of California’s top 250 people is equal to half the state’s GDP.”

So what? Those Big Scary Numbers are not related to each other in any meaningful way.

The Democrats’ obsession with other people’s wealth is a big part of why they lost the last presidential election

If a “one-time” tax on the imaginary paper wealth of “billionaires” is somehow logical and legal, then expect it to morph into a recurring tax on unrealized capital gains - like the equity in your house.