California's Wealth Tax Will Destroy Itself
Even Gavin Newsom admits taxing billionaires will backfire. Europe already proved it. Why won't Sacramento listen?
Sacramento killed two bipartisan lobbying transparency bills without a hearing, while a separate bill that could expose journalists who cover taxpayer-funded immigration nonprofits to $4,000-per-violation fines is now one committee vote from the Assembly floor. Across California, the same pattern keeps surfacing: SFMTA promised 465 affordable units it never had funding for, SFUSD approved an ethnic studies curriculum through a review designed to rubber-stamp it, and Berkeley courts blocked a disease-ridden homeless encampment cleanup for sixteen months. The throughline is governments and institutions that resist accountability while the costs land on everyone else.
Even Gavin Newsom admits taxing billionaires will backfire. Europe already proved it. Why won't Sacramento listen?
The bill's architects say founders can fight the state for their money back. With interest. On hard mode.
SF nonprofits preside over overdose deaths while collecting billions. The city just renewed their contracts anyway.
San Francisco almost died from virtue signaling. The cure? Intellectual honesty—and the courage to speak it.
Newsom's mental health program spent $10.7M per person while California's judges cling to broken ideology.
In 2013, three pro sports teams and big dreams. In 2026, an empty stadium nobody will buy.
The progressive politician who blocked 495 homes now wants to run California's insurance market into the ground.
Business and labor unite for the largest construction agreement ever—now they're calling California's bluff to break ground in 2026.
Californians voted for public safety. The state legislature decided their votes don't count.
The top 10% fund 76% of the state budget. Sacramento's answer? Chase them all away.