Socialist over regulation and taxes are failing California’s economy. Death spiral has begun.

Just as well. Newsome and company are actually talking about introducing a 'one time' -- wink, wink -- extra tax on resident billionaires. No Dem in the history of this nation has EVER introduced a 'one time only' ANYTHING and stuck to that afterwards.

So we can expect more of California's well-to-do to abandon that state because THEN they will up the taxes on mere millionaires again. Socialism is GREAT . . . until you run out of other people's money.

Apparently, it’s also a retroactive tax. It applies to anyone in the state in 2025, and their net worth in 2025. I’m not sure how a retroactive tax can be constitutional. Can they tax 10 years back? 20 years back? Once it passes, can the state increase the tax rate in the legislature?

The state of California is going bankrupt. They don’t have a revenue problem. They have a spending problem. That’s the Democrat way. Spend more than there is.

Yes . . . a spending problem. Trump and company revealed -- through DOGE and other investigations -- that maybe as much as half of the nation's GDP gets spent on leftist -- and RINO political ally -- boondoggles and just plain corruption. Now THATs what happens when one ceases holding ALL politicians AND unelected bureaucrats accountable.

The measure is an initiative to be put on the ballot. It is sponsored/authored by the communist lead SEIU.

Color me 'not the least bit' surprised.