California is considering imposing a “wealth tax,” which is among the dumbest ideas out there.
Doing so anywhere is stupid, but doing so in a state whose economy especially depends on investments in new ideas, building startups, and creative destruction (most startups fail, but may have high notional values as people put money in to help them get off the ground).
Read Full Article: https://hotair.com/david-strom/2026/02/12/how-taxing-wealth-works-in-real-life-n3811844
