Friday, March 20, 2026

California's FAFO future in Norway

Let's see what happened in Norway: "Norway's Wealth Tax Unchains a Capital Exodus." - "Norway's wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M."

I continue to be amazed to think that Gavin Newsom is considered a serious candidate for the Presidency.  Everything - everything! - in California is a train wreck.

Except for the train.  Because it hasn't been built.

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