The end State of class warfare

Jonathan Turley: "Welcome to Hotel California: Democrats Push Retroactive Billionaire Tax"

The “2026 Billionaires Tax Act” would impose a one-time 5% tax on individual wealth exceeding $1 billion. While technically using 2026 wealth figures, it would apply to billionaires who resided in California in 2025. So you cannot hope to flee… at least with your wealth intact. It is a penalty for those who stayed too long hoping that rational minds would prevail in California.

The tax is a familiar tactic of many in politics who attack the wealthiest citizens as somehow ripping off the poor. If states can do this for billionaires, it is likely to do it for those in lower tax brackets as they face the choice between financial discipline and tax increases.

When I heard about this my first response was: "Are retroactive taxes legal?"  As Professor Turley explains, the question of legality is complicated.  What is not complicated is unfairness of reaching back in time to pick a man's pocket. 

The Left hates free speech

Federalist: "Democrats Would Like To Suppress Free Speech The Way Britain Does" - "The American left doesn’t look at the United Kingdom and see a cautionary tale, it sees a template to follow." 

This again?

Hot Air: "Boston Judge Steps In to Rescue Planned Parenthood Again."

The Judiciary branch is destroying its credibility.

Media-on-media catfight

PJ Media: "NYT to WaPo: You Lied About Hegseth."

Hot Air: "It Sure Looks Like WaPo Hegseth Story Is Another Hoax."

Townhall: "The New York Times Just Blew WaPo's Hegseth War Crimes Story Out of the Water."

I've said it before and I'll say it again: litigation is the only proper response to this "journalism." 

It is the year 2025, almost 2026.

Our major American media is indistinguishable in terms of accuracy and impartiality from the Soviet Union's Pravda, circa 1970.

Fact.

— Cynical Publius (@CynicalPublius) December 2, 2025

Follow the money

Washington Post: "New York won’t reign forever. Bring on Y’all Street. - As Dallas gets a Nasdaq exchange, Texas looks more like America’s financial center."

The timing could hardly be better. Just as New York prepares to install a radical democratic socialist as mayor, Nasdaq Texas is being launched. It will join NYSE Texas and the Texas Stock Exchange in turning Dallas into a serious financial center. Indeed, the city’s mayor, Eric L. Johnson, confidently predicts that “Y’all Street” will replace Wall Street as the beating heart of American business. And the really interesting possibility is this: That might be an improvement.

It remains to be seen how Zohran Mamdani’s experiment in creating East Berlin on the Hudson works out. One point is clear, however: If he is successful in imposing the higher corporate and income taxes he wants, not everyone will stick around to pay them. Florida would be one potential alternative. But Dallas is starting to look even better. Nasdaq Texas expects to open for business early in the new year, the NYSE announced in February that it would relocate its Chicago operation to Dallas and the new Texas Stock Exchange has backing from big hitters including BlackRock and Citadel. If you want to spend the morning trading Tesla and Nvidia before heading off to your ranch, you won’t be short of options.

The Left is fond of opining that the "rich" will never leave New York City because it's the financial center of the world.  To which I say: impose your socialist policies and call their bluff.

See what happens.

The end of clapter

Hollywood in Toto: "2025: The Year Late-Night TV Collapsed - Colbert canceled, Kimmel benched and Gutfeld stayed the course."