Chamath Palihapitiya

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Last Notes

2026-04-25 20:22:54 UTC

On page twenty-six of “The Billionaire Tax” proposal in California, it explains how the state legislature can convert from a Billionaire Tax to an Everyone Tax without voter approval.
They can also adjust the tax to be a yearly tax, not just one time…again, without your approval.
Intelligence test for you: if this was meant to just target Billionaires, why did they write this in?
https://bird.makeup/users/chamath/statuses/2048114115001143679
#note12aq…uu00

2026-04-25 18:57:11 UTC

The Billionaire Tax is actually an Everyone Tax.
The Billionaire Tax is a new tax proposal written by four professors who don't believe in the American dream. Some of them aren’t even American…go figure.
Despite its name, it applies to every California resident who currently has assets or ever will.
The creators named it the Billionaire Tax so you would get into a froth andwouldn't look closely at what it actually does to you.
On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval.
They can also adjust the tax to be a yearly tax, not just one time…again, without your approval.
Here's how the tax would work: As a voter, you're being asked to approve a tax that would require you to:
1. list all your assets and the value of each, then submit them to the California Franchise Tax Board.
2. authorize the tax board to appraise your assets and confirm the value of each.
3. pay a penalty of up to forty percent of your tax bill if the board determines your reported value was too low in their opinion.
4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing.
This Everyone Tax runs 34 pages of shifty language describing how the government plans to take your assets. Read the fine print and decide for yourself.
If this were truly a billionaire tax, it would be 3 pages.
It’s 34 pages so that it can create the mechanisms to steal from all of you.

2026-01-12 17:33:28 UTC

Has your lived experience in California gotten 3x better in the past 20 years? Because your taxes and borrowing have gone up to triple spending in that same time.
California Population:
2004: 35.6M
2024: 39.4M
California Spending:
2004: $155B ($4,350/person)
2025: $510B ($12,940/person)
https://pbs.twimg.com/media/G-euBMuXoAAEkFI.jpg

2025-12-26 15:41:51 UTC

This is because California’s state and local politicians have completely broken LA and the state in general.
It is increasingly untenable to do business:
- Too many permits
- Too many laws
- Too much overreach
- Too many delays
- Too many taxes
It’s killed Hollywood and it’s
https://bird.makeup/users/wsj/statuses/2004081260205932922
#note1e29…kj4j

2025-07-12 06:31:45 UTC

Marc nails it.
In my opinion, if you get federal funding, you should be capped at how many foreign students you admit to 5-10% at the undergraduate level and 30-40% at the graduate level.
The clear preference should be merit based admissions of kids from America.
One reason
#note1nds…vz4e