From: punditster@gmail.com   
      
   On 2/19/2026 12:43 PM, Noah Sombrero wrote:   
   > On Thu, 19 Feb 2026 12:39:03 -0800, Dude  wrote:   
   >   
   >> On 2/19/2026 7:40 AM, Noah Sombrero wrote:   
   >>> On Thu, 19 Feb 2026 13:35:08 +0000, Julian    
   >>> wrote:   
   >>>   
   >>>> a union thug and his cabal of communist academics have awoken a sleeping   
   >>>> giant: behold, your first look at the billionaire counterattack in the   
   >>>> war for California’s future   
   >>>   
   >>> There you have it.   
   >>>   
   >> Key words: Economic Impact   
   >>>   
   >>> What happened to the labor movement?   
   >>>   
   >> Not sure you've thought this through.   
   >>>   
   >>> They are now thugs and a cabal of communist academics.>   
   >> Critics, argue it could negatively impact working people and that the   
   >> top 1% already pay nearly half of the state's income taxes.   
   >   
   > And so it is that the labor movement has become thugs and a cabal of   
   > communist academics.  Nah, you can't fool me with that shit.   
   >   
   That's because you have not thought this through. Otherwise, you would   
   have posted your arguments, pro or con, to this list, instead of   
   infantile emotional outbursts.   
      
   The taxable obligation is wholly detached from a liquidity event!   
      
   Unlike income and capital gains taxes, a wealth tax is entirely   
   untethered from a liquidity event. “Asset-rich, cash-poor” taxpayers may   
   be forced to sell assets to meet their tax obligations, risking   
   destabilizing asset and capital markets.   
      
   Also, on a more personal level, consider whether one or both spouses are   
   California residents, the tax is imposed at a household level, so a   
   couple with a combined net worth of $1 billion or more is subject to the   
   tax, whereas two unmarried individuals with just under $1 billion apiece   
   would not be taxed.   
    >   
      
   >>   
   >>>>   
   >>>> A few weeks back, I asked 21 California billionaires targeted by the   
   >>>> Service Employees International Union’s proposed wealth tax if they   
   >>>> planned to fight the ballot proposition, move, or some mysterious third   
   >>>> thing. Sentiment was darker than I anticipated. Almost everyone I spoke   
   >>>> with, including the California maximalists, was planning an exit. While   
   >>>> the architects of the ballot prop insisted “wealth flight” would never   
   >>>> happen — there was research, we were told; trust the experts!, the   
   >>>> commies cried — it was clear by the end of January they were not only   
   >>>> wrong about this, but about pretty much everything. To date, at least   
   >>>> half the wealth targeted by the SEIU’s Dave Regan and his cabal of   
   >>>> Marxist academics has moved from California, the SEIU has alienated the   
   >>>> governor, the teacher’s union (from what I’ve repeatedly heard), and   
   >>>> most center-left organizations in the state, and they’ve radicalized   
   >>>> even center left billionaires against special interests to a degree I’ve   
   >>>> never before seen. To put this in perspective, I know a billionaire tech   
   >>>> founder who supported Chesa Boudin, San Francisco’s infamous pro-crime   
   >>>> District Attorney, who is now prepared for war with every union in the   
   >>>> state.   
   >>>>   
   >>>> But will a few angry billionaires be enough to avert catastrophe?   
   >>>   
   >>> Certainly not.  We need a million billionaires in the street crying   
   >>> mayhem.   
   >>>   
   >>>> https://www.piratewires.com/p/wealth-tax-counterstrike   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)