The California Wealth Tax is Much Worse Than I Thought

<![CDATA[I've been writing about this California Wealth tax proposal for a couple weeks now and I really thought I'd done justice to what a completely awful idea it is. Yesterday, for instance, I pointed out that this proposal is going so badly that Gov. Newsom is now making the media rounds to say 'I told you so' (almost literally). That comes after three of the state's five richest billionaires have indicated they plan to leave the state to avoid the tax.]]>