Right now, the wealthy can simply flee any state trying to impose taxes on their net worth... and this is happening big time.

Now some "progressive" states are leaning toward imposing draconian "exit" taxes on those thinking about moving to a more favorable tax venue.

But if the Dems sweep in 2028... they will seek to impose a national wealth tax and will disregard the filibuster to accomplish this goal.

Of course this will severely inhibit any investment activity whatsoever.

Goodbye capitalism.... and real progress.


Link: https://fortune.com/2026/03/17/6-billionaires-left-california-billionaire-tax-newsom-brin-page-thiel-spielberg-revenue/