Opinion | California Is Voting on the Wrong Wealth Tax (Gift Article)

good piece from @omzidar.bsky.social and Eric Zwick www.nytimes.com/2026/10/29/o...

Let's not forget the millions of millionaires, 10X millionaires and 100X millionaires. They've gotten away with lower tax rates too. www.nytimes.com/2026/10/29/o...

There’s a Much Better Way to Make Rich People Pay Their Share www.nytimes.com/2026/10/29/o...

Get rid of Prop 13. www.nytimes.com/2026/10/29/o...

These geniuses apparently don’t know there have been dozens of initiatives to reform Prop 13 since it was passed in 1978, some successful in small ways, most not. This is a completely separate issue from the wealth tax, which is about curbing billionaire power in CA. www.nytimes.com/2026/10/29/o...

There’s a Much Better Way to Make Rich People Pay Their Share www.nytimes.com/2026/10/29/o...

Of course, let's let the perfect be the enemy of the good. Surely @omzidar.bsky.social and Zwick know that we tried to limit Prop 13 for commercial properties, and CA voters couldn't even buy into that. www.nytimes.com/2026/10/29/o...

There’s a Much Better Way to Make Rich People Pay Their Share www.nytimes.com/2026/10/29/o...

There’s a Much Better Way to Make Rich People Pay Their Share www.nytimes.com/2026/10/29/o...

Makes a good case for a broader brush than the $Baires tax, by overruling Prop. 13(?) to allow a current valuation of property taxes that will capture the wealth of a much broader population! Spread joy!! There’s a Much Better Way to Make Rich People Pay Their Share www.nytimes.com/2026/10/29/o...

There’s a Much Better Way to Make Rich People Pay Their Share Ok. But instead of “either/or” it should be “this and that.”

California Is Voting on the Wrong Wealth Tax

(GIFT ARTICLE) "The original sin underlying California’s tax structure is Prop 13, the 1978 law that rewrote the rules of property ownership. Getting rid of it would be a more efficient and durable way to make the rich pay their fair share." By Owen Zidar and Eric Zwick