Kali's billionaire tax, massive and aimed at just 250 people.

It may come to pass that California's proposed billionaire tax comes to ... well.... pass.

It taxes billionaires on their wealth to the tune of 5%, just once, but that's a lot like "I won't do that in your mouth".  The proposition also backdates the tax to Jan 2026, trying to make it impossible for the targets to just move away.

Knowing that few wealthy people keep their money laying around in sacks, enforcing the tax would start a massive sell off of companies, stocks, and bonds.  Roughly $100 billion in capitol ripped away from the economy and handed to politicians with the most deplorable economic track record in the nation.   Hell, $100 billion dollars is *almost* as much as the California government blows on Medicare fraud each year!

On the face of it, this strikes me as deeply wrong in many ways.

Then I turn it around and look at the backside of the issue.  The victims in this are supposed to be smart people. They have to know they've been shoring up a kleptocracy, and their wealth is too temping a target for people without ethics, morals, integrity, or common sense.

Yes, on second thought, fuckem. They helped create this crime machine, and thought it would never be aimed at them.   Give them what they wanted, gooder and harder.  If California's economy crashes from the huge theft, who will care beyond the looters who will need new victims?