From: punditster@gmail.com   
      
   On 2/19/2026 1:44 PM, Noah Sombrero wrote:   
   > On Thu, 19 Feb 2026 13:38:57 -0800, Dude  wrote:   
   >   
   >> 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.   
   >   
   > Nah, I simply reject any premise that ends up with   
   > labor movement has become thugs and a cabal of   
   > communist academics   
   >   
   Obviously, you've not read any California labor union history, or even   
   thought about it.   
      
   California Teamsters were often labeled "thugs" and "commies" due to a   
   combination of violent, coercive strike tactics, deeply ingrained   
   corruption.   
      
   The union used intimidation, engaged in mafia-related corruption notably   
   under Jimmy Hoffa. Remember him?s.   
   >   
   > That dog won't hunt.   
   >   
   This is probably the beginning of the end for Democrats in California.   
   California Democrats are divided over a proposal to tax the state's   
   richest residents, potentially impacting party unity.   
    >   
   > If you are looking for an emotional outburst, thugs and cabal would be   
   > it.   
   >   
   There's a reason they call California Teamsters labor union members   
   thugs and commies.   
      
      
      
    >   
   >   
   >> 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)