No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, May 25, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

California’s Proposed Billionaire Tax | Armstrong Economics

by TheAdviserMagazine
5 months ago
in Economy
Reading Time: 2 mins read
A A
California’s Proposed Billionaire Tax | Armstrong Economics
Share on FacebookShare on TwitterShare on LInkedIn


California imposed an exit tax for those wishing to flee the state, but with insufficient funding and desperation to maintain tax revenue, the state is considering legislation that would steal a portion of one’s net worth and redistribute it to social programs.

The Billionaire Tax Act would impose a 5% tax on the total wealth of state residents with a net worth over $1 billion. There are around 250 billionaires currently living in California. The law will apply to anyone who resided in California as of January 1, 2026, which means it is too late to get out.

Net worth includes unrealized gains—stocks, businesses, real estate, collectibles, etc. California is treating paper valuations as if they were cash sitting in a vault, but net worth is merely an estimate when the valuation has not been realized or set. These items are subject to drastic fluctuations and now residents will be penalized for holding onto appreciating assets. Taxing a temporary illusion of worth assumes permanence when that is simply not the case.

Economies grow through investment, risk, and innovation. When you impose a levy on wealth, you force entrepreneurs to sell assets, slow investment, or exit entirely. The tech boom created 50 new billionaires in the state in 2025 alone. Why would aspiring entrepreneurs remain in a state that continually penalizes success? This class has the ability to mobilize at whim, but others do not, and it a guarantee that the state will soon come for those with less.

The wealthy generate wealth when they deploy capital into productive ventures. These are the people creating jobs and propping up local economies. You can never leave California without paying the exit tax, and now, you cannot amass wealth in the state without being subject to a large penalty. California has become extremely hostile to capital, hence the mass exodus of private wealth and businesses in recent years.

Legislators claim they can take in $100 billion in revenue from the tax that will allegedly go toward California’s imploding healthcare budget. California is a welfare state that operates outside of the federal capitalistic system. There are simply too many social programs to maintain and too many ignorant politicians who believe others should redistribute their wealth to float failing policies.



Source link

Tags: ArmstrongBillionaireCaliforniasEconomicsproposedtax
ShareTweetShare
Previous Post

Trump Withdraws From 66 Globalist Organizations

Next Post

Best Online Trading and Demat Account in India for 2026

Related Posts

edit post
The Wicked Witch of Eccles Hates Sound Money

The Wicked Witch of Eccles Hates Sound Money

by TheAdviserMagazine
May 25, 2026
0

The Federal Reserve has presided over a steady erosion of the dollar’s purchasing power—by design. See for yourself using the...

edit post
Links 5/25/2026 | naked capitalism

Links 5/25/2026 | naked capitalism

by TheAdviserMagazine
May 25, 2026
0

Mathematics is out there Aeon The unexpected science hiding in Dante’s ‘Inferno’ Popular Science Scientists create miniature nuclear fireball to...

edit post
Facing Death (with Sebastian Junger)

Facing Death (with Sebastian Junger)

by TheAdviserMagazine
May 25, 2026
0

0:37Intro. Russ Roberts: Today is March 24th, 2026 and my guest is author Sebastian Junger. This is his third appearance...

edit post
Interview: The Financial World Order Is Breaking Apart

Interview: The Financial World Order Is Breaking Apart

by TheAdviserMagazine
May 25, 2026
0

What if the economy wasn’t chaotic at all—but followed a hidden code? The Armstrong Economic Code reveals the powerful cyclical patterns...

edit post
Links 5/24/2026 | naked capitalism

Links 5/24/2026 | naked capitalism

by TheAdviserMagazine
May 24, 2026
0

Insane reversing skills Wait for it pic.twitter.com/nuxAIxLGvh — Science girl (@sciencegirl) May 17, 2026 Machine Learning Helps Astronomers Find 10,000...

edit post
The Sunday Morning Movie Presents: Vampira (1971) Run Time: 44M Bonus: Tangerine Dream

The Sunday Morning Movie Presents: Vampira (1971) Run Time: 44M Bonus: Tangerine Dream

by TheAdviserMagazine
May 24, 2026
0

Greetings gentle readers and welcome to Sunday Morning Movie. Today it’s a surreal take on the vampire tale, Vampira, accompanied...

Next Post
edit post
Best Online Trading and Demat Account in India for 2026

Best Online Trading and Demat Account in India for 2026

edit post
US market breadth signals underlying strength amid global uncertainty: Arvind Sanger

US market breadth signals underlying strength amid global uncertainty: Arvind Sanger

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
Publicis Acquires LiveRamp To Advance New Agentic AI Push

Publicis Acquires LiveRamp To Advance New Agentic AI Push

0
edit post
Bank of Israel cuts interest rate 0.25%

Bank of Israel cuts interest rate 0.25%

0
edit post
Polymarket Faces Hurdle Amid Online Betting Crackdown in Indonesia

Polymarket Faces Hurdle Amid Online Betting Crackdown in Indonesia

0
edit post
The Technologies Honoring Soldiers Today Could Change Warfare Tomorrow

The Technologies Honoring Soldiers Today Could Change Warfare Tomorrow

0
edit post
Solo Agers & the Holiday ‘Empty Seat’: 3 Resources to Reduce Loneliness and Strengthen Social Support This Monday

Solo Agers & the Holiday ‘Empty Seat’: 3 Resources to Reduce Loneliness and Strengthen Social Support This Monday

0
edit post
Facing Death (with Sebastian Junger)

Facing Death (with Sebastian Junger)

0
edit post
Jim Cramer Can’t Help But Be Impressed By Target (TGT)

Jim Cramer Can’t Help But Be Impressed By Target (TGT)

May 25, 2026
edit post
The Technologies Honoring Soldiers Today Could Change Warfare Tomorrow

The Technologies Honoring Soldiers Today Could Change Warfare Tomorrow

May 25, 2026
edit post
Solo Agers & the Holiday ‘Empty Seat’: 3 Resources to Reduce Loneliness and Strengthen Social Support This Monday

Solo Agers & the Holiday ‘Empty Seat’: 3 Resources to Reduce Loneliness and Strengthen Social Support This Monday

May 25, 2026
edit post
Polymarket Faces Hurdle Amid Online Betting Crackdown in Indonesia

Polymarket Faces Hurdle Amid Online Betting Crackdown in Indonesia

May 25, 2026
edit post
The Wicked Witch of Eccles Hates Sound Money

The Wicked Witch of Eccles Hates Sound Money

May 25, 2026
edit post
Medicare’s ‘June 1’ Update: Why Your Part B Deductions May Look Different on Next Week’s Statement

Medicare’s ‘June 1’ Update: Why Your Part B Deductions May Look Different on Next Week’s Statement

May 25, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Jim Cramer Can’t Help But Be Impressed By Target (TGT)
  • The Technologies Honoring Soldiers Today Could Change Warfare Tomorrow
  • Solo Agers & the Holiday ‘Empty Seat’: 3 Resources to Reduce Loneliness and Strengthen Social Support This Monday
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.