2026-10-18T16:33:13Z https://nostr.now Chamath Palihapitiya https://nostr.now/npub1m2sqhp960uzkh70hrl2ycqzx3mhtuwvhg35krmflcpkan0gwchyqfmaqtd https://pbs.twimg.com/profile_images/1883600182165848064/-9LbG3md_400x400.jpg https://pbs.twimg.com/profile_images/1883600182165848064/-9LbG3md_400x400.jpg https://nostr.now/nevent1qqsf0vu5a0d5cz68cchu45vp7gch9llkcdel0j9w9xc72362s7vsyfszyrd2qzuyhfls26le7u0agnqqg68wa03ejazxjc0d8lqxmkdapmzusm2p9ps 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. <br/><br/>They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. <br/><br/>Intelligence test for you: if this was meant to just target Billionaires, why did they write this in?<br/><a href="https://bird.makeup/users/chamath/statuses/2048114115001143679">https://bird.makeup/users/chamath/statuses/2048114115001143679</a><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note12aqkcvzqs2qg62l7cdzsvw9gl8l026qr7hs8juszc73tjpmtyueq3kuu00" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note12aq…uu00</a></span><br/> </div> The Billionaire Tax is actually an Everyone Tax.<br/><br/>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. <br/><br/>Despite its name, it applies to every California resident who currently has assets or ever will.<br/><br/>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. <br/><br/>On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval. <br/><br/>They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. <br/><br/>Here's how the tax would work: As a voter, you're being asked to approve a tax that would require you to:<br/><br/>1. list all your assets and the value of each, then submit them to the California Franchise Tax Board. <br/><br/>2. authorize the tax board to appraise your assets and confirm the value of each.<br/><br/>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. <br/><br/>4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing. <br/><br/>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. <br/><br/>If this were truly a billionaire tax, it would be 3 pages.<br/><br/>It’s 34 pages so that it can create the mechanisms to steal from all of you. </blockquote> 2026-04-25T20:22:54Z https://nostr.now/nevent1qqs9wstvxpqg9qyd90lvx3gx8z50nlh4dqpltcrewgpv0g4eqa4jwvszyrd2qzuyhfls26le7u0agnqqg68wa03ejazxjc0d8lqxmkdapmzus5ukh7w The Billionaire Tax is actually an Everyone Tax.<br/><br/>The Billionaire Tax is a new tax proposal written by four professors who don&#39;t believe in the American dream. Some of them aren’t even American…go figure. <br/><br/>Despite its name, it applies to every California resident who currently has assets or ever will.<br/><br/>The creators named it the Billionaire Tax so you would get into a froth andwouldn&#39;t look closely at what it actually does to you. <br/><br/>On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval. <br/><br/>They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. <br/><br/>Here&#39;s how the tax would work: As a voter, you&#39;re being asked to approve a tax that would require you to:<br/><br/>1. list all your assets and the value of each, then submit them to the California Franchise Tax Board. <br/><br/>2. authorize the tax board to appraise your assets and confirm the value of each.<br/><br/>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. <br/><br/>4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing. <br/><br/>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. <br/><br/>If this were truly a billionaire tax, it would be 3 pages.<br/><br/>It’s 34 pages so that it can create the mechanisms to steal from all of you. 2026-04-25T18:57:11Z https://nostr.now/nevent1qqsgzec6tfvnftl0s62zfn34sr42pdj6ed655dl5qtpx5wzmdmq2kfczyrd2qzuyhfls26le7u0agnqqg68wa03ejazxjc0d8lqxmkdapmzusxn0rw2 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. <br/><br/>California Population:<br/>2004: 35.6M<br/>2024: 39.4M<br/><br/>California Spending:<br/>2004: $155B ($4,350/person)<br/>2025: $510B ($12,940/person)<br/> <img src="https://pbs.twimg.com/media/G-euBMuXoAAEkFI.jpg"> <br/> 2026-01-12T17:33:28Z https://nostr.now/nevent1qqsttncr2rt89s4g4vrgqwxuht0gz0fgns3f2vtd4fy7s3wak03crhgzyrd2qzuyhfls26le7u0agnqqg68wa03ejazxjc0d8lqxmkdapmzush9wcr8 This is because California’s state and local politicians have completely broken LA and the state in general. <br/><br/>It is increasingly untenable to do business: <br/><br/>- Too many permits<br/>- Too many laws<br/>- Too much overreach<br/>- Too many delays<br/>- Too many taxes<br/><br/>It’s killed Hollywood and it’s<br/><a href="https://bird.makeup/users/wsj/statuses/2004081260205932922">https://bird.makeup/users/wsj/statuses/2004081260205932922</a><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1e29zl4gkapeplhdetqn88rxtdjynd8s6wqu6cc3pg453jcdk0svqulkj4j" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1e29…kj4j</a></span><br/> </div> L.A.’s entertainment economy is spiraling downward: Work is evaporating, businesses are closing, and the city’s creative middle class is hanging on by a thread. <a href="https://on.wsj.com/4sb1nNB">https://on.wsj.com/4sb1nNB</a> </blockquote> 2025-12-26T15:41:51Z https://nostr.now/nevent1qqsxzyytnu7q43lch2dp9n43s24q6npxn864cj05sxmjlwznyzerkcczyrd2qzuyhfls26le7u0agnqqg68wa03ejazxjc0d8lqxmkdapmzus5459w5 Marc nails it. <br/><br/>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. <br/><br/>The clear preference should be merit based admissions of kids from America. <br/><br/>One reason<br/>nostr:note1nds3qvglced8hv88y55k03pktg0wn7ge2jx9s5nw8kqwwcecvekszxvz4e<br/> 2025-07-12T06:31:45Z