[quote=spdrun]Probably some wealth erosion due to inflation. Then again, there are ways to defend against that, like by buying property where appropriate and at a good cap rate.
As far as outright confiscation, I heard that line in the 90ies under Clinton. Didn’t happen then, won’t likely happen now.[/quote]
It’ll be wealth transfer via slight of hand.
AKA, Prop 39: $1 billion in “new” tax revenue, $1/2 Billion earmarked for ‘green’ energy, which is what the hedge fund manager that bankrolled it invests in.
