Friday’s Forum

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FILED UNDER: Open Forum
Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor Emeritus of Political Science and former College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter and/or BlueSky.

Comments

  1. Jen's avatar Jen says:

    Martina McBride and Bret Michaels have both pulled out of the concert thing. I think Vanilla Ice is left, maybe?

    Someone on X posted a picture of the White House with all of the crap going on the lawn with the caption “I know we all hate HOAs, but this is why they are important.” 😀

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  2. Charley in Cleveland's avatar Charley in Cleveland says:

    McBride and the others have said they were told the event was nonpartisan, but as with everything else, Trump has put his fingerprints all over “America’s State Fair,” and the performers who have declined don’t want the taint. Apparently Vanilla Ice’s set will be the 45 minute version of Ice Ice Baby.

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  3. Kingdaddy's avatar Kingdaddy says:

    @Jen: To everyone who voted for Trump because they thought he was a great businessman, please note that he can’t even assemble a line-up of D-list acts for a county fair.

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  4. DK's avatar DK says:

    Presidential approval tracker (The Economist)

    494 days into Donald Trump’s term. The president’s net approval rating is -24, down 1.9 points since last week. 34% approve, 58% disapprove, 6% not sure.

    Trump this week became the most unpopular president since our poll started in 2009. His net approval rating is -24. The war in Iran has hurt Mr Trump’s standing: his net approval rating for foreign policy is -20. But it is his handling of the economy that is really dragging him down. Three-quarters of Americans think that its condition is “fair” or “poor”, and 63% think that it is getting worse…. Our forecasting model says that the Democrats have a nine-in-ten chance of winning control of the House of Representatives. The Senate is a toss-up.

    The president announced this week that he no longer cares about the midterms.

    7
  5. Daryl's avatar Daryl says:

    Looks like Fatso is about to make agreement to, maybe someday, make an agreement that leaves Iran the victor.
    What a weak little bitch.

    1
  6. DK's avatar DK says:

    The $687 million irony of Peter Thiel’s reported plan to ditch the US for Argentina (The Independent)

    With a stream of government contacts and his protégé in the White House, the billionaire is at the height of his influence in the US. So why head off for other shores?

    …Nonetheless, Thiel, who previously obtained New Zealand citizenship and reportedly pursued a Maltese passport, now has his sights on Argentina.

    In the last two months, the Palantir and PayPal co-founder reportedly bought a $12 million mansion in an exclusive district of Bueno Aires, temporarily relocated his family and children to the country, and met with leaders including Argentinian president Javier Milei, as the country reportedly mulls offering Thiel citizenship.

    People familiar with Thiel’s thinking told The New York Times that the billionaire has concerns about the direction of the United States and in particular Thiel’s long-time base of California, which is considering a controversial billionaire tax.

    Why? One, Thiel is keeping up tradition of Nazis fleeing to Argentina to avoid Nuremberg-style trials.

    Two, 2027 and beyond looks bad for Palantir with voters poised to give Dems the congressional pursestrings and Thiel’s puppet Vance being lapped by Lil Marco.

    Three, Milei is a generation younger than Putin, whose aura is now buried under Ukranian stubbornness and military tech innovation.

    2
  7. charontwo's avatar charontwo says:

    @Daryl:

    Na Ga Hoppen

    A cartoon with some added text:

    Wall Street has now entered what appears to be the fifth stage of Trump-era market psychology: “Maybe this Iran deal is real.”

    Every few days, Donald Trump announces that negotiations with Iran are “going very well,” “very close,” “largely negotiated,” or “moving in a constructive direction.” Markets instantly react like a truth has been revealed from the heavens. Oil drops. Airline stocks rally. Traders cheer. CNBC panels start speaking in soothing tones about “de-escalation.”

    And then, almost immediately, Trump threatens to obliterate Iran’s power plants, announces a naval blockade, posts “NO MORE MR. NICE GUY!” alongside images of bombs, or predicts fresh attacks “extremely hard” over the next several weeks.

    Markets panic. Oil spikes. Analysts scramble to explain why this was actually part of a “complex negotiating strategy.”

    Then the cycle repeats.

    It’s become the geopolitical version of a casino slot machine. Wall Street keeps pulling the lever because eventually, surely, one of these “historic breakthroughs” has to stick. Right?

    1
  8. charontwo's avatar charontwo says:

    @Daryl:

    There will be no deal. Trump is a narcissist, desperate for a deal that gives him “narcissistic supply,” which means a deal that shows him to be powerful and dominant.

    How likely do you think that any deal Iran offers will show how powerful and dominant Trump is?

    Iran has been taunting Trump and it’s clear Iran wants him to grovel.

  9. Kathy's avatar Kathy says:

    @Daryl:
    @charontwo:

    There have been reports that the negotiating teams have agreed on a MOU, but it still requires Taco approval.

    This reminds me of something that happened in the 90s with my dad. He wanted to get the rights to make an Italian label (I forget which, but not one of the big ones) in Mexico. After calls and letters by fax (email was not yet widely available), he went to meet with the head of their NYC office. They hammered out a licensing deal, which included fabric quality, workmanship, and most especially expected sales. Then an executive from the company flew in from Italy to finalize the matter.

    Then things broke down. The executive insisted that Mexico had a population similar to Japan’s, therefore sales ought be roughly equal to Japanese levels. Never mind Japan is a high income country and Mexico a middle income one. He wouldn’t budge from this demand, and the deal fell through.

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  10. Kingdaddy's avatar Kingdaddy says:

    @DK: In their hearts of hearts, oligarchs like Thiel, Musk, Bezos, et al. are cowards. That’s why Thiel wants to flee the United States for Argentina.

    Want to convince people about the anti-AI Anti-Christ? Instead of skulking around Rome, giving tiny seminars to rich people, make your case publicly, not just in an interview or two, but in an ongoing campaign.

    Want to convince voters of whatever version of libertarianism or social Darwinistic capitalism that’s your worldview? Instead of muzzling The Washington Post, find some better commentators than Ross Douthat, Marc Thiessen, or Hugh Hewitt and throw them into the intellectual fray, instead of closing down the venue and declaring someone a winner without a fight.

    Ditto for what’s happening to 60 Minutes and all of CBS. Cowardice.

    If you really care about government waste, go find experts in government spending and let them review what federal agencies are doing, instead of hiring Biff and Scooter and Tyler. Oh, and take a little time to do a real review, instead of just firing people in an even dumber fashion than McKinsey consultants.

    In the end, for all their wealth and influence, and all their claims of being Great Visionaries who are leading us to a glorious tomorrow, these men won’t step into the democratic arena, even with all the advantages on their side. They’ll silence voices, ignore democratic processes, kneecap opposition, and then flee to a foreign country. Cowards, all of them.

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  11. Kathy's avatar Kathy says:

    Good news, Everyone!

    Lex is catching up to Adolf! His latest rocket blew up on the pad on a static fire test.

    Congratulations Lex! We were afraid you’d be perpetually behind. And yet on fewer than five launches, you’ve reached the blowing up stage of development!

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  12. Kathy's avatar Kathy says:

    @DK:
    @Kingdaddy:

    Maybe hitler Thile figures in America he can buy just some influence, and has to compete with other broligarchs for that much. Whereas in Argentina he may just buy the whole country, and for less money.

    If you had $1 billion in cash and were to spend an average of $100,000 every day, it would take you 27 years and four months to exhaust your cash. That’s how much money it is.

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  13. charontwo's avatar charontwo says:

    @Kathy:

    There have been reports that the negotiating teams have agreed on a MOU, but it still requires Taco approval.

    Which, as I indicated above, the oil traders are taking more seriously than is justified. All I have seen at NYT and WashPo is based on anonymous communications to Barak Ravid at Axios, as if this isn’t same-o same-o. If you read these claims closely, Iran has not said anything about this.

    As I have indicated, Trump needs a win, but lifting sanctions and unfreezing funds to get the Strait somewhat sort of open with Iran in control and charging fees is a turd that can’t be polished. Mojtaba Khameini the Supreme leader has stated that no Uranium will be moved out of Iran. Iran has the right to enrich under NPT, but it might agree to dilute some of it. Still, another turd that can’t be polished, Iran will make it a point to not be as restricted as Obama’s JCPOA.

    Pundits are mystified why Trump is insisting the GCC must sign the Abraham Accords (Na Ga Hoppen) but I understand perfectly – Trump needs a win to brag about or no deal. The Abraham Accords would be “Peace in Our Time,” ending the Arab-Israeli conflict, so that would be his win.

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  14. Michael Cain's avatar Michael Cain says:

    @Kathy:

    Lex is catching up to Adolf! His latest rocket blew up on the pad on a static fire test.

    Eric Berger at Ars Technica is sort of light-hearted about the worst case scenario for outcomes from this (which I cynically describe as, “This was a wonderful morning to wake up being Gwynne Shotwell, COO at SpaceX.”

    Blue Origin is out of the launch business for a year or more, the initial estimated time to either repair the launch facility or complete the newer one that has barely been started. Longer than that if the root cause is a design flaw in the BE-4 engine. No other existing launcher is capable of putting BO’s lunar lander in orbit.

    ULA is down to seven Atlas V rockets, all booked. Their Vulcan rocket is grounded while they work through what’s wrong with the solid-fuel boosters it uses. If the BO explosion is a design flaw in the BE-4 engine, which Vulcan uses, then ULA is out of business for as long as BO is.

    Imagine, then, Gwynn making some phone calls. To the people who manage national security launches: “You know, SpaceX does so many launches I’m sure we can work in any time-constrained missions BO or ULA were contracted for.” To ULA: “If the problem turns out to be the BE-4, remember that we build lots of Raptor engines that use the same fuel and have almost exactly the same thrust. I’m sure we can help your staff with a Vulcan retrofit…” To NASA: “You’re down to one viable path to a human-rated lunar landing system. Let’s talk about more active support from you…”

    There’s also NASA signing a contract with SpaceX this week for more crewed flights to the International Space Station. The number suggests that NASA may now believe Boeing’s Starliner will never be human-rated.

    1
  15. Daryl's avatar Daryl says:

    @charontwo:
    He will take the off-ramp. Then claim total victory. Like most bully’s he isn’t actually dominate, he just portrays himself that way.

  16. Michael Reynolds's avatar Michael Reynolds says:

    Just pitchforks? No guillotines?

    America’s billionaires are developing their own prescriptions for AI-fueled inequality, anxious to defuse a populist revolt aimed at their ballooning fortunes.

    Why it matters: The AI boom has dramatically raised the stakes of the wealth-tax debate, unleashing a technology that could wipe out millions of jobs while minting the world’s first trillionaires.

    This is THE issue, the thing that can bring Left and Right together. I put up an Instagram video a couple weeks ago urging that we all put a pin in all the issues we’ve been fighting over forever – with a promise that we’ll get right back to fighting over the same old shit as soon as we’re done reckoning with the trillionaires.

    These men are racist in the broadest possible sense – they are enemies of the human race, enemies of homo sapiens, the equivalent of a catastrophic asteroid strike. They need to be brought under control. Nothing else matters as much, and no other issue can unite the MAGA plumber, the progressive barista, the incel coder, the small businessperson, the family farmer, the writer and the artist, the butcher, the baker and the candlestick maker.

    3
  17. Kathy's avatar Kathy says:

    @charontwo:

    Oh, yeah. He’s stuck without any good alternatives. Probably gaming the markets for profit in the meantime.

    Next, you’d think someone in an intractable strategic positions, and with lots of assets tied up, wouldn’t go and launch anew war. In what passes of El Taco’s mind, a win in Cuba, which will be real easy this time, would make him look good and drive the Iran quagmire from the headlines.

    I won’t make a prediction, but I wouldn’t be surprised if an attack or invasion of Cuba begins this weekend.

    1
  18. Kathy's avatar Kathy says:

    @Michael Cain:

    Xtarship is still far from a launch vehicle, never mind a reliable one. Changing the BE-4 engines for Raptors might require more time than would take Blue Origin to find a fix, if it even was an engine issue to begin with (I’d put money on a fuel leak).

    The ISS can be handled well enough with the Xalcon 9, which is reliable. I’m not sure if Lex’s semi-heavy rocket is even capable of carrying a capsule on top. The second stage design is odd, with a huge cargo fairing. Boeing is Boeing. They released and sold aircraft that should not have been human rated.

    I may look at the prediction markets. No American crew will land on the Moon by 2028.

    1
  19. Jay L. Gischer's avatar Jay L. Gischer says:

    @Michael Reynolds: I like your framing. I think it’s telling that people like you and me, who are enjoying some rewards from life, still think that the inequality thing is way out of hand.

    I think that may have something to do with the fact that you once worked in a restaurant and I once cleaned bathrooms as a job.

    It’s also the case that I kind of don’t like the billionaire tax thing on California’s ballot, but that’s because it doesn’t do anything permanent. So it’s just kind of performative. Yeah, it will generate revenue, but nothing sustaining. You can’t build programs on that.

    2
  20. Jen's avatar Jen says:

    @Michael Reynolds:

    This is THE issue, the thing that can bring Left and Right together.

    This just happened near me. I’ve mentioned before I’m in a rural area in NH. The town is…not exactly red, but dark pink, Trump won here by a smidge each time. A developer owns a fairly sizeable property in town that sits on top of bedrock aquifer, which is the water for the town (we are all on wells). Recently, he filed a project concept to the planning board to convert the existing building on the site (a warehouse) into a data center. People right and left came absolutely undone–I have never witnessed such a unified response. Within days the developer withdrew his proposal (“without prejudice,” which means he’s likely going to lawyer up and will be back).

    2
  21. CSK's avatar CSK says:

    I just read a wonderful name for Trump: The Nodfather.

    3
  22. Kathy's avatar Kathy says:

    @Jay L. Gischer:

    During either the Bush or Obama years, many on the right argued inequality doesn’t matter, so long as everyone does ok economically.

    That’s a good point. If you have a stable job and no major money worries or troubles, what do you care if Adolf makes in a second what you make in ten years.

    The problem, of course, is that large numbers of people have major money worries or troubles, or are one illness or injury away from having them. For some this is on top of unpayable student loans. Add that many high paying jobs, like software engineers, are becoming far less stable than they used to be. And add that the broligarchs are all but licking their chops in anticipation of replacing more, if not all, white collar jobs with AI.

    Then you begin to care about how money is distributed in society.

    There’s more to add, too. Like data centers that raise your electric bill and, in many cases, affect the water supply. Things like lower water pressure, or outright sediment contamination in drinking water.

    Still, I figure if a recession comes soon, and/or the AI bubble pops, the preferred solution from the regime will be bailouts for billionaires, further tax reductions, and further cuts in spending, along with lowering of interest rates, and a great many on the right will go along with it.

    2
  23. Jen's avatar Jen says:

    @CSK: I like that one and “Don Snore-leone”

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  24. CSK's avatar CSK says:

    @Jen:

    Yes, “Don Snoreleone” is great.

  25. Kathy's avatar Kathy says:

    And now, the dictator’s palace formerly known as the White House is recruiting troops as seat fillers for the UFC event.

    Of note, they must meet the Pentagon’s height and weight requirements and attend in uniform, and pay their own travel and lodging expenses. Further, they specifically want junior enlisted personnel and officers, those who earn less.

    I wouldn’t be surprised if they’re made to buy tickets besides.

    1
  26. al Ameda's avatar al Ameda says:

    @Jen:

    Someone on X posted a picture of the White House with all of the crap going on the lawn with the caption “I know we all hate HOAs, but this is why they are important.”

    It’s the first annual unpermitted White House Trailer Park Cinder Block Festival.

    2
  27. DK's avatar DK says:

    Cornyn shares fable of frog and scorpion after Trump sinks reelection (The Hill)

    Cornyn, who touted his record of voting with Trump 99.3 percent of the time, posted the famous fable about betrayal on the social platform X, but he left ambiguous what the coded message was intended to say.

    An old, but apt fable:

    A scorpion wants to cross a river but cannot swim, so it asks a frog to carry it across. The frog hesitates, afraid that the scorpion might sting it, but the scorpion promises not to, pointing out that it would drown if it killed the frog in the middle of the river. The frog considers this argument sensible and agrees to transport the scorpion. Midway across the river, the scorpion stings the frog anyway, dooming them both. The dying frog asks the scorpion why it stung despite knowing the consequence, to which the scorpion replies: “I am sorry, but I couldn’t help myself. It’s my character.”

    Hahahahahahaha
    *gasp*
    Bwahahahahaha

    Cornyn is such a little bitch. He should either endorse Talarico over Paxton the Pedo Protector or slink away quietly.

    3
  28. CSK's avatar CSK says:

    Per the NYT, a federal judge has ordered the removal of Trump’s name from the Kennedy Center.

    2
  29. DK's avatar DK says:

    Judge blocks closure of Kennedy Center and orders removal of Trump’s name (CBS News)

    The judge found that the board overstepped its authority by unilaterally renaming the Kennedy Center after Mr. Trump and ordered his name to be removed from “the institution’s title, as represented on the façade of the Center, any other physical or digital signage, and official materials.”

    “The Kennedy Center’s organic statute makes crystal clear that the Center is to be named for President Kennedy, and it cannot bear any other formal name or public memorial based on the Board’s unilateral say-so. Congress gave the Kennedy Center its name, and only Congress can change it,” wrote Cooper, who was named to the bench by President Barack Obama.

    Judge temporarily blocks payouts from Trump’s $1.776 billion ‘anti-weaponization’ settlement fund (AP)

    A federal judge on Friday temporarily blocked the Trump administration from proceeding with a new $1.776 billion settlement fund for the Republican president’s allies who believe they were victims of a weaponized government, halting its formation or any potential payouts for at least the next two weeks.

    U.S. District Judge Leonie Brinkema in Alexandria, Virginia, scheduled a June 12 hearing for arguments…

    The judge, who was nominated to the bench by President Bill Clinton, a Democrat, gave the government another week to respond…

    Lower courts still doing the Lord’s work. We’ll see how John Crow and the Supremes manage to side with the Pedo over the rule of law, again.

    2
  30. DK's avatar DK says:

    Wyden-Schumer Bill Would Impose 100 Percent Tax on Trump Insurrection Slush Fund Payments

    Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) and Democratic Leader Chuck Schumer (D-N.Y.) today introduced legislation that would impose a 100 percent tax on payments from Donald Trump’s $1.8 billion slush fund for right-wing political violence and election subversion. Congressman Mike Thompson (CA-04) first introduced the bill in the House of Representatives earlier this week.

    Newsom vows 100 percent tax on DOJ ‘Anti-Weaponization Fund’ payouts (Politico)

    Gavin Newsom vowed Wednesday to tax any payouts that California residents receive from a $1.776 billion “anti-weaponization” fund that Donald Trump secured in a settlement with his own Justice Department, as Democratic lawmakers in states across the country ramp up efforts to counter the president on the measure.

    Democratic-Led States Float 100% Tax on Payouts From Trump Fund (Bloomberg)

    Lawmakers in a handful of states—including California, New York and Illinois—are scrambling to cancel out payments from a $1.8 billion fund the Trump administration has earmarked for people alleging government mistreatment by imposing a 100% tax.

    At least five states controlled by Democrats have proposed or are planning to introduce legislation that would claw back payouts from the “Anti-Weaponization Fund” the US Justice Department established this month to resolve President Donald Trump’s lawsuit with the Internal Revenue Service.

    I don’t think Trump’s reparations for terrorists are gonna fly. He’ll just have to pay MAGA’s thugs and crooks under the table. Todd Blanche and others may well end up disbarred from law practice altogether.

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  31. Mu Yixiao's avatar Mu Yixiao says:

    @DK:

    You missed 4) California’s “billionaire tax”. Which is a) retroactive and b) based on “assets” rather than income or liquid funds.

    Imagine that the tax applies to you. You would have to pay a 5% tax on everything you own. Your bank account, your IRA, your stock portfolio, your car, your house, everything in your house… The tax on my house alone would put me in bankruptcy.

    Everyone thinks that billionaires have billions of dollars in cash in a bank somewhere. They don’t. It’s all numbers on a ledger. Elon Musk doesn’t have a trillion dollars in a bank account. He has shares in an extremely over-valued company that are–on paper–worth a trillion dollars. If he tried to sell those shares all at once, they’d plummet and he’d be worth 10% of what he is now

    The “Billionaire Tax” has already seen an exodus of people worth about a trillion dollars–because it’s really badly written.

    Theil isn’t moving for “nazi motives”, he’s moving so California can’t take his money.

    1
  32. Kathy's avatar Kathy says:

    @Mu Yixiao:

    I agree. The tax is too low.

    8
  33. Jay L. Gischer's avatar Jay L. Gischer says:

    @Mu Yixiao: I don’t like the tax, and I am a Californian. I don’t like it because it doesn’t address the actual problem that I see. It doesn’t enable any new programs I might want because it isn’t ongoing. And it doesn’t have much, if any, impact on the amount of influence folks like Thiel have and use over what goes on in the country. Theil knows that what he wants isn’t popular, so he has moved to other means to get his way. Of course, he thinks he’s righteous, but can’t be bothered with what anybody else might want. He has said exactly this on camera, I’m not exaggerating in the slightest. But the California tax doesn’t address this, either.

    (Meanwhile, it is completely legitimate for the government to tax assets. You’ve heard of property tax, right? Your real estate is an asset. The state taxes my real estate every year. I suppose you might be one of the “taxation is theft” guys, but I don’t remember you that way.)

    However, Thiel doesn’t have to move to Argentina to avoid it. He just has to move to Nevada.

    But that’s not what he did, is it?

    2
  34. DK's avatar DK says:

    @Mu Yixiao:

    Theil isn’t moving for “nazi motives”

    Jay beat me to it. Thiel doesn’t have to move 6,000 miles away to escape California’s looming and long overdue billionares’ tax. He could just do what Sergey Brin and other tantruming Silicon Valley oligarchs did, and move 250 miles to the Reno side of Lake Tahoe.

    So why Argentina? Nazi reasons.

    And on that subject:

    Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax (Fortune)

    …a common line of attack has been that the measure could drive away more billionaires and eventually starve the state of tax revenue.

    …Last year, billionaires residing in California paid a grand total $4.1 billion in income tax, or around 0.2% of their collective net worth of over $2 trillion, according to a working paper published Monday by researchers at the National Bureau of Economic Research (NBER). That means that even under an extreme scenario in which every billionaire permanently severed ties with the state overnight, it would take 25 years for the lost income tax revenue to equal the $100 billion windfall California would receive from the wealth tax over five years.

    Only six prominent billionaires publicly announced to have left the state before Jan. 1st of this year, the proposed tax’s deadline to change residency…

    While these individuals are taking significant wealth with them, it’s been far from a mass exodus, which bodes well for the state’s coffers in the near term should the proposal pass. The NBER paper calculated that if only one-quarter of California’s billionaires departed the state, it would take a century for lost tax revenues to match the one-time wealth tax’s $100 billion injection.

    For those billionaires who moved after the cutoff date or decided to stay (such as Nvidia CEO Jensen Huang), the tax implications are likely to be noticeable but marginal compared to the wealth they have accrued over the years.

    Because the proposed levy would be spread out, the authors considered the tax as an annual 1% payment for five years. This would represent an annual state income tax obligation 25 times larger than what billionaires had grown accustomed to…

    Billionaire wealth in California ballooned 30-fold over the past 40 years, according to NBER, while total household wealth has only doubled. And though residents have paid more taxes in nominal dollar amounts, the tax burden itself has failed to keep up. Since 2019, billionaires have paid, on average, 1.3% in state, federal, and corporate taxes as a percentage of their total wealth. For all California residents, meanwhile, income tax payments have amounted to 4.4% of all household income over the same period.

    …One reason for the discrepancy is that more than 80% of billionaire wealth in California is locked up in unrealized gains, and therefore untaxed. Billionaires have long employed this strategy to avoid paying income tax—sometimes taking symbolic salaries or none at all—but using their enormous asset holdings as collateral to secure favorable loans that finance their lifestyle, avoiding selling any stock that would be considered taxable.

    A 2021 ProPublica investigation found that between 2014 and 2018, the country’s 25 richest people saw their net worths rise a collective $401 billion, although they paid $13.6 billion in federal income tax, a rate of only 3.4%. The average federal income tax rate, meanwhile, stands at 14.5%, according to the Tax Foundation.

    …The signs so far are positive for proponents of the tax, as despite high-profile departure announcements, the number of billionaires residing in California has risen slightly this year, from 239 in January to 253 earlier this month, according to NBER.

    I’m happy to see this tax on my ballot and hope voters don’t fall for the wrongheaded whining against it from left (“It’s not enough!”) and right (“It’ll destroy growth and investment”***).

    A good start is exactly that; the perfect need not be the enemy of the good. 50% progress is better than 0%. You take the win in front of you now and then fight for more from a position of power. You don’t help your side lose everything, to start over from scratch every 4-8 years — something the Uncommitted/ protest vote/ Democrat Derangement Syndrome left can’t get through their thick skulls.

    ***Same scaremongering bs the oligarchs peddled when California raised the fast food minimum wage to $20/hr. Two years later, the sky is still in tact. Funny that.

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  35. Kathy's avatar Kathy says:

    @DK:

    “Only the little people pay taxes.”

  36. steve222's avatar steve222 says:

    @Mu Yixiao: Why would he need to sell all his shares at once when the tax is 5%? Even selling 5% there would be no need to sell it all at the same time as it could so sold over a longer period of time.

    Steve

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