A Tax That’s Not a Tax — It’s Government Theft California politicians are floating a new “wealth tax” that would hammer residents worth more than $1 billion — a 5% confiscation of net assets spread over five years. Sounds like it only targets tech tycoons, right? Wrong. This is a test run — a blueprint for digital asset seizure that will one day apply to everyone with a 401(k), a paid-off house, or a few Bitcoin in cold storage. Because once they establish the legal precedent for taxing unrealized gains — meaning assets you haven’t sold — the gloves come off. It’s no longer about income. It’s about what you have. Even Billionaires Can’t Pay This — So What Happens…
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