Oliver Barkley

I’m just a regular guy but I’m making plans to leave California. Sure they’ll start with billionaires but they will all move. Once the parasites in the legislature realize the revenue is far short of their predictions they’ll just turn the wealth tax on us regular people. Just like AMT.

California is witnessing a form of economic Darwinism where the slowest billionaires are about to be culled from the herd. The Service Employees International Union just announced that it has enough signatures to put the billionaire tax on the ballot... foxbusiness.com/politics/calif…

@sciencegirl This was obviously created by a monkey with a typewriter that typed random sequences of DNA code for 4 billion years.

The Bacterial flagellar motor is a tiny spinning engine inside bacteria that works like a microscopic propeller that moves bacteria forward one of the smallest and most powerful motors in nature.

I read page twenty-six. It does NOT actually say that “the government can convert to an Everyone Tax without voter approval.” It does say that legislature can amend the bill in the future in ways that are consistent with the intent of the original bill. Chamath seems to be exaggerating. I don’t like the bill and don’t think billionaires should be singled out for wealth taxes, but it does not look like it would be easy to make it apply to everyone. Still, given that the progressives in the CA state legislature are aggressive communist parasites bent on redistribution, we should all be extremely suspicious.

The Billionaire Tax is actually an Everyone Tax. The Billionaire Tax is a new tax proposal written by four professors who don't believe in the American dream. Some of them aren’t even American…go figure. Despite its name, it applies to every California resident who currently has assets or ever will. The creators named it the Billionaire Tax so you would get into a froth andwouldn't look closely at what it actually does to you. On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval. They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. Here's how the tax would work: As a voter, you're being asked to approve a tax that would require you to: 1. list all your assets and the value of each, then submit them to the California Franchise Tax Board. 2. authorize the tax board to appraise your assets and confirm the value of each. 3. pay a penalty of up to forty percent of your tax bill if the board determines your reported value was too low in their opinion. 4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing. This Everyone Tax runs 34 pages of shifty language describing how the government plans to take your assets. Read the fine print and decide for yourself. If this were truly a billionaire tax, it would be 3 pages. It’s 34 pages so that it can create the mechanisms to steal from all of you.