Political Economy
California’s Proposed Wealth Tax Driving Exodus of High-Net-Worth Individuals and Businesses
California's proposed wealth tax, which includes an "asset seizure" component and super-voting stock provisions, is accelerating the departure of high-net-worth individuals and businesses from the state. This policy is viewed as fiscally irresponsible and detrimental to the state's long-term budget …
California’s Fiscal Crisis and the Threat to Private Property
California is experiencing a significant exodus of high-net-worth individuals and companies due to escalating taxation, unfunded pension liabilities, and perceived governmental mismanagement. Proposed wealth taxes, starting with billionaires, are seen as a dangerous precedent that could erode privat…
Capitalism Best Facilitates Societal Feedback Loops
Societies require effective feedback mechanisms for progress. Free markets, driven by monetary incentives, provide objective feedback, enabling individuals to error-correct and innovate. Centralized systems, conversely, rely on subjective decision-making, which often leads to abuses of power and sti…