Subject: Re: In view of what's happening in Cali
" The problem, though, is in translating the concept of "the rich should be taxed on unrealized gains" into an actual tax system in the real world where the benefits are more significant than the downsides."


I'm sure you know more than half the wealth the Cali tax is targeting has already moved out, right? The vote is currently 45-55 to not pass and the money is leaving anyway. The govt is going to need more rev to pay the interest on 45-50 trillion in federal debt, going forward.