Comment by apexalpha

As a rather economic left European person I think this:

Last week California certified a Billionaire Wealth Tax for the November ballot: a 5 percent one-time levy on the state’s billionaires, paid out over five years, to raise about $20 billion a year for health care, food aid, and schools after federal cuts

Is just flat out crazy.

To pretend that politicians who are in a perpetual political battle for short-term survival will somehow use this weapon of mass financing responsibly and only once it comically absurd.

This will open Pandoras box.