Jon Skolnick

Paul Begala is right. If you're a liberal, there's good reason to stand with Israel.

The next chapter of our American story starts now. 250 years of rising, remembering, and turning toward one another to embrace our part in history. As we begin this once-in-a-generation year, take a moment to reflect on who we are—and who we want to be. Happy 2026. Happy Semiquincentennial year!

It’s not 1% a year for 5 years. It’s a one time 5% tax on all assets and it will kill entrepreneurship in California. Here is an example: John Doe starts a company. He takes a nominal salary - say $150k for this example - and the rest in equity in the company. Let’s say he owns 20%. He raises VC capital in 2026 from someone that invests $100M into the company and values the company at $6B. This means his 20% is “worth” $1.2B. I put it in quotes because he can’t actually sell. He has a paper value that putatively says he’s a billionaire. But he actually lives on $150k because that is what his income is. Just because someone decides to make a bet on the business does not mean some bank account in your name magically gets created with $1.2B in it. Under the proposed tax, however, John Doe would now owe $60M in cash to California in 2027. How will he pay it? Is there some buyer you know of, that the rest of the market doesn’t, that will do a deal at the max value when there is a distressed seller like John Doe who needs money he doesn’t have to pay taxes on value he also doesn’t have! Now imagine that after the tax is assessed, in early 2027, the company takes a write down to $200M. Now his share is $40M. But he still owes $60M. Again, there are no buyers for his shares per se. He still only makes $150k/yr. What is this person supposed to do? He now has a “worth” of $40M but owes California $60M. Should he declare bankruptcy now because he tried to start a business but was retarded enough to do it in California? So did you really get the billionaires?? No. Because the mega billionaires have already left or are tax structured to minimize the tax or will fight it. You will, however, drag a bunch of young, energetic folks who want to make things and hire people into bankruptcy court. Awesome work, Ro. You should be proud.

The INVEST AMERICA ACT. Passed July 4, 2025. Accounts established & funded July 4, 2026. Because every child deserves to share in the upside of America. Happy birthday America! Never perfect. Always rising.

Israel has long since crossed the line of ‘proportionate response’ to Oct7 and is now engaged in deliberately starving Gazan civilians, relentlessly attacking civilian areas including hospitals, and then lying about it. It’s shameful and it has to stop.

It’s going to work