Opnion: Even the California liberal elite are jumping ship from the socialist brigade in D.C. that now wants to confiscate wealth, not just tax it. Elon Musk recently tweeted about the Marxist-like legislators saying, “Eventually, they run out of other people’s money, and then they come for you.”
The latest threat to Capitalism is the proposal by liberal Oregon Senator Ron Wyden to tax unrealized investment gains of billionaires in stock or real estate.
Now, no one feels sorry for billionaires— but they are the innovators who change the world, create thousands of jobs, and produce tremendous wealth for millions of Americans.
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