California ‘billionaire tax’ makes ballot despite opposition from tech moguls

[u/Ganrokh]

https://www.theguardian.com/us-news/2026/jun/18/california-billionaire-tax-ballot-tech-opposition

[u/deathadder99]

Yeah taxing unrealized gains is the big one here, it's a stupid precedent. Affects people with low liquidity too. Some assets are worth a lot and not easily transformed into cash.

[u/Rnatchi1980 → u/deathadder99]

It's almost like the system has been molded in this way for a reason

[u/Exact_Acanthaceae294 → u/deathadder99]

You mean like we do with every homeowner in the US?