A labor union's proposed wealth tax hasn't even made the ballot—but it's already triggered a $1T billionaire exodus from CA. The math shows every remaining household could absorb $576–$1,742/yr in higher taxes and cuts. The Laffer Curve isn't theory. It's happening in real time.
Chamath Palihapitiya proposes a $300–500B tax equity fund leveraging OBBBA incentives to put solar-plus-storage on 50–100M U.S. homes, slashing power bills while adding 400–800 GW of distributed capacity and shifting grid room to AI and industry.
California: $24B on homelessness, 53% increase. $15B on rail, zero miles built. Wealth tax triggered $1T billionaire exodus. Top 1% pay 50% of income taxes—when they leave, you pay. Demand a forensic audit before California gets another dollar.