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Joined 10 months ago
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Cake day: December 4th, 2025

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  • The proposition for a one-time tax on billionaires, while I hope it does pass, is not the most important prop in this regard. If for no reason other than it’s just a one-time tax. The counter-proposition to ban taxes on “personal property” i.e. wealth is far more impactful long term. We should be taxing wealth and not income. If that prop passes, California will never be able to tax wealth. And frankly I’m worried it will, because Americans just have this reflexive “taxes bad” ideology and will vote for it thinking it means the state will never be able to tax the $15k they have sitting in their Roth IRA or whatever.