California Wealth Tax

I’ve been reading articles about California wealth tax being proposed presently Assembly Bill 2088. At first reading this tax is ludicrous. Anybody who spends 60 days in any calendar year is liable to pay 40‱ annually for the following 10 years! (So without wealth change, compounding and inflation it’s 4% of your money for a 60 day stay.

Preposterous! What insane mania has driven our politicians to do such a thing?

Well, actually, it kind of fits the zeitgeist of liberal politics. It is very extreme by all standards. But the believe is that wealth inequality fundamentally destabilizes our economic future and kills the environment. So we need to take organized and radical action to overcome this thing that no one poor individual can overcome.

I think nobody can deny that there is great benefit to having smart and rich people around. Even if they’re just here to spread their genes, it’s good for humanity. But wealth inequality could potentially impede spread of others genes that may in the future be of great benefit to us. And plus, in addition to humanity’s prosperity, we do kind of want people at the present to be happy and healthy, and last but certainly not more and less important than all a priori, creatively productive.

So, why don’t we have both. Let’s have our wealth tax. But let’s also create an open forum, the Pnyx of silicone valley. We shall invite all that are willing to abide by the rules of the venue to come and pitch in public. No streaming allowed. You must be present here to present, learn and understand and invest. The state shall invest from wealth tax into these ventures in addition tom private investors. The venue is to be fixed and the conventions take place in the open, regularly, rain or shine. (A great benefit of California location is climate will allow us this latitude of venue year round.) This will be the Globe Theatre of next millennium, always imitated but never fully replicable.

Such a proposal seems silly in the day and age of traveling conferences like TechCrunch disrupt and a myriad of crowdfunding services. But if we want to have a wealth tax, and we don’t want to legalize prostitution (I’m not firmly against it), gambling (again, not voting against it), dangerous drugs (against), polygamy (mu?), and the likes, the only way is to emphasize physical proximate and in-person intimate presentations. It isn’t especially bad considering we are in danger of losing touch with real human to human interactions.

Anyone who follow the rules can come onto the stage physically at their allotted time and make a pitch and ask for money or other forms of support in this public forum. Spectators may cheer or jeer or throw cash at presenters. They may even join presenters on stage in support. We can build the greatest physical venture society on the planet.

We can make California greater by innovating in synchrony in our society, climate and economy.

Disclaimer: yes I own real estate in California. No I will not be affected by wealth tax if it comes to pass this moment.

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