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California Wealth Tax Backers Ignore Proposition 13 Lessons
While the tax would be a “one-time event,” nothing would prohibit similar initiatives in the future.
California is flirting with a new and destructive tax. A proposed ballot initiative, the 2026 Billionaire Tax Act, would impose a one-time 5% levy on the net worth of California residents with more than $1 billion, calculated as of Jan. 1, 2026, with payment due in 2027 and an option to spread payments over five years at an added charge.
While the tax would be a “one-time event,” nothing would prohibit similar initiatives in the future. Supporters call it a tax on billionaires, but in practice it would be a giant, government-mandated liquidation event for people whose wealth is often tied up in illiquid business equity. It also contains a feature that should make any taxpayer uneasy: It would be retroactive to the start of 2026.
Politics
National Civitas Institute Poll: Americans are Anxious and Frustrated, Creating a Challenging Environment for Leaders
The poll reveals a deeply pessimistic American electorate, with a majority convinced the nation is on the wrong track.
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Liberal Democracy Reexamined: Leo Strauss on Alexis de Tocqueville
This article explores Leo Strauss’s thoughts on Alexis de Tocqueville in his 1954 “Natural Right” course transcript.
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Long Distance Migration as a Two-Step Sorting Process: The Resettlement of Californians in Texas
Here we press the question of whether the well-documented stream of migrants relocating from California to Texas has been sufficient to alter the political complexion of the destination state.
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Who's That Knocking? A Study of the Strategic Choices Facing Large-Scale Grassroots Canvassing Efforts
Although there is a consensus that personalized forms of campaign outreach are more likely to be effective at either mobilizing or even persuading voters, there remains uncertainty about how campaigns should implement get-out-the-vote (GOTV) programs, especially at a truly expansive scale.
California’s Green Policies Destroy Blue-Collar Jobs
The problem here lies not with racism, or lack of reparations, as Newsom and “progressives” insist, but with their own policies, which devastate minority communities.
There's a Perception Gap With the U.S. Economy
As we approach another election cycle, it’s worth asking: what’s real, what’s political theater, and what does it all mean if Democrats regain control of the House?
A Climate Science Manual for Judges Discredits Itself
All is not well with the Reference Manual for Scientific Evidence. This is a loss for the public trust of science.
American Immortals
Unlike other abolitionists, though, Douglass never lost his faith in the American Founding. Indeed, he believed that the fundamental premises of our republic were the very principles that could save her from this moral crisis.
