Friday, January 2, 2026

California's Proposed Annual 5% Wealth Tax on Billionaires

 

Trump has alleged the fraud in Minnesota is a mere drop compared to the fraud and pork
That hardly moves the scale compared to California, Illinois and New York
With California headed toward an annual wealth tax of 5 percent
Phil Mickelson, a pro golfer wants a hold on the idea until we have accountability on where the money was spent
It seems Blue politicians not only spend taxpayer money like a sailor on a drunken spree
They avoid tracking where the money went and how it was sent while shedding any accountability
Phil Mickelson’s idea is a great one as it will kill the Silicon Valley Golden Goose
Entrepreneurs and venture capitalists will move out of the state and tax revenues will be reduced
Along with high tech employment and innovations in services and products such as electronics, drugs and AI
Upon which our daily life, comfort, prosperity, security and health rely
The Blue Reps and Newsom are oblivious that we are in high-tech with the Chinese
Who are hell bent to dominance in warfare, high-tech, and diplomacy achieve
Causing our high-tech venture capitalists and entrepreneurs to from California flee
Is like a fighter with one hand tied behind his back causing the Chinese to jump with glee

© 1/2/2026 Michael P. Ridley aka The Alaskanpoet

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