From: punditster@gmail.com   
      
   On 2/19/2026 2:43 PM, Noah Sombrero wrote:   
   > On Thu, 19 Feb 2026 14:18:20 -0800, Dude  wrote:   
   >   
   >> On 2/19/2026 2:02 PM, Noah Sombrero wrote:   
   >>> On Thu, 19 Feb 2026 16:47:12 -0500, Wilson    
   >>> wrote:   
   >>>   
   >>>> 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.   
   >>>   
   >>> Suits me.  It is not up to us to preserve their marriages.  Pay your   
   >>> damn taxes.   
   >>>   
   >> Wealthy people already pay most of the federal and state income tax.   
   >>   
   >> You get to work! Pay your fair share of income tax! How about 50% of all   
   >> income, including government pension and social security?   
   >>>   
   > If I were a billionaire,   
    >   
   You just proved my point. Not everyone is a billionaire and most are   
   wealthy on paper only.   
    >   
    > I would happily do that.   
    >   
   You are near 25% annual, not one time, income tax level already. Stay happy.   
      
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