Relax, It's Just the End of Private Property

I am a good person, now shut up and give me your wallet. Last week, French, left-wing Berkeley professor Emmanuel Saez joined the ancient, hobbit-like former U.S. Secretary of Labor / present day left-wing social media influencer Robert Reich at a digital press conference to announce a new California ballot initiative: it’s the thieving class’s latest attempt at a wealth tax, which, if it makes it to Election Day in 2026, will target every billionaire who lived in the state in 2025. And now that a form of this legislation is bypassing both the state’s legislature and governor, appealing directly to voters, I believe it actually has a shot at passing.