This was a proposal from back in August, and the election of Joe Biden probably means it won't happen. Why does that matter? Because Trump was treating Califor

This was a proposal from back in August, and the election of Joe Biden probably means it won't happen. Why does that matter? Because Trump was treating California like an enemy country and trying to destroy it, starving it of resources even though California taxpayers (individuals and companies) pay far more to the federal government than any other state does. It would be better to do a wealth tax at the federal level. It really isn't conceptually different from a property tax on real estate, it just applies to all wealth.