The Arson of Excellence: The California Wealth Tax

The motivation of the California Wealth tax is darkly malevolent. This isn't even a normal looting. It’s intended to destroy.

by | Dec 29, 2025

They’re not taxing your wealth. They’re taxing your existence.

California’s proposed wealth tax on billionaires isn’t economic policy. It’s a declaration of war on the idea that creating value matters.

You risked everything to build companies that employ thousands. You created products that improved millions of lives. You turned ideas into industries. Their response? “You owe us for being better at creation than we are.”

This isn’t about revenue. If it were, they’d care that you’ll leave—and take your tax base with you. They know some will leave. They’re counting on it. Because this isn’t economics. It’s punishment. The psychological satisfaction of making you pay for your competence.

A wealth tax doesn’t touch your income. It seizes the assets you’ve already built. The investments. The companies. The productive capital itself. This is the capital that creates jobs. Funds innovation. Builds new industries. They know this. And they want to confiscate it anyway.

Why? Because your accumulated wealth is proof of something they can’t tolerate: that individual achievement is real. Every dollar represents a decision you made that created value. A risk you took that others wouldn’t. A vision you executed that others couldn’t.

So they’ll dismantle it. Not to help anyone. Not to fund anything sustainable. But to eliminate the evidence.

They invert morality itself. Your productivity becomes your sin. Your competence becomes your debt. Your success becomes their claim.

And economically? It’s civilizational suicide. When you tax saved capital, you get less capital. Less investment. Fewer jobs. Dying industries. They know this. But they don’t care—because the goal isn’t prosperity. The goal is ensuring that no one gets to be great.

When your capital is depleted, no policy in the world will revive what they’ve killed. You can’t tax your way to innovation. You can’t confiscate your way to excellence. You can only consume what others created—until there’s nothing left.

When you leave—when you take your talent and capital somewhere that doesn’t treat achievement as a crime—they’ll blame you for abandoning them. They’ll never admit they drove you out by making clear your value belongs to everyone except you.

They’d rather rule over ruins than celebrate the creators who built it. Because your existence poses an unbearable question: if achievement is real, if competence matters—what’s their excuse?

So they burn it down. Not with fire, but with policy. Same impulse. Same result. Same satisfaction in watching excellence destroyed.

This is symbolic terrorism in legislative form. “We have the power to take what you built. To punish you for being productive. To prove that envy has force.”

It’s Kristallnacht for the productive class. Smash the windows. Loot the value. Make them afraid.

The question isn’t whether this will destroy California’s economy. It will. The question is whether that’s a feature or a bug. For the envious, destruction is the point.

So here’s your choice: Stay and be sacrificed to their psychological needs. Or leave and let them discover what happens when the productive refuse to be victims.

They’re betting you’ll stay. That guilt will keep you. That you’ll believe you deserve this punishment for your success.

And when you’re gone, when the tax base collapses and the jobs disappear and the innovation stops—they’ll say you were selfish for leaving. Never that they were self-destructive for driving you out.

Because that would require admitting that civilization rests on the shoulders of those who create value.

And they just declared war on creation itself.

This isn’t a policy debate. It’s a test of whether you believe your productive work has value—or whether you’ll accept that your achievements belong to those who resent them.

Choose accordingly.​​​​​​​​​​​​​​​​

Chip J is a contributing writer to Capitalism Magazine. You can follow him on X at @ChipActual.
Chip J is a contributing writer to Capitalism Magazine. You can follow him on X at @ChipActual.

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