From: Wilson@nowhere.invalid   
      
   On 2/19/2026 4:38 PM, Dude wrote:   
   > On 2/19/2026 12:43 PM, Noah Sombrero wrote:   
   >> On Thu, 19 Feb 2026 12:39:03 -0800, Dude  wrote:   
   >>> 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.   
      
   Reportedly, some high net worth couples are seriously considering   
   divorce to avoid the proposed Cali billionaire wealth tax.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)