David Friedberg warns: Private property is ending in America. Governor JB Pritzker just signed a new 0.2% Digital Asset Tax into Illinois’ budget. It hits crypto transactions, transfers, and custody services starting 2027. This isn’t just about crypto. Friedberg says it’s the latest sign that private property rights are under direct assault in America. You pay income taxes, buy an asset with after-tax dollars, and now the government claims the right to take a recurring cut every year based on its spending needs. The Founders created a clear distinction between America and the monarchies, socialist states, and totalitarian regimes where a small elite controls everything. Friedberg argues we’re now on the brink of abandoning that protection. @friedberg "If the government can say, everything that you've already paid your income tax on and then you've bought it and you now own, the government can take a piece of it every year based on the vote and the budgetary needs of an irresponsible fiscal legislature. We've lost it all. And that's where we are. Anytime the government can take your private property after you've paid your taxes, bought something and put it in your garage, we are done for." This started with the ‘billionaire tax,’ then moved to crypto, and it won’t stop there. It always expands. Where do we draw the line on property rights?
