Second — and that’s where things get extremely interesting. Proposition 40 — the proposed one-time 5% wealth tax on California billionaires — is mentioned no fewer than 25 times in the SEC document. @Meta explicitly states that one purpose of its new stock issuance is to allow Mark Zuckerberg to pay the billionaire wealth tax. “… so that he may pay his potential tax liability under California Proposition 40, if enacted into law.” Here’s how it will work.

Why not pay taxes instead of performative charity?

Mao’s style cultural revolution is happening in the west. The historic Limoges town hall has just completely collapsed after far-left rioters set it on fire. It was built in 1876. It survived World Wars. It did not survive modern France.

The IRS sent armed agents into a family bakery and drained $68,382 from its bank account. Their “crime”? Depositing their OWN CASH in amounts under $10,000. Then the government demanded ANOTHER $160,000 and a guilty plea to a FELONY. The IRS called it “structuring”: deliberately keeping deposits small to dodge bank reporting rules. DAVID VOCATURA: “I said to them, ‘Maybe I should get a lawyer.’ And they said, ‘You don’t need one, step in the back.’” “Until the day they came in, I had no idea what structuring was.” “I’m a law-abiding citizen. I can’t remember the last time I got a speeding ticket.” Nearly three years after seizing the money, a prosecutor came back with a deal that carried up to FOUR YEARS IN PRISON: DAVID VOCATURA: “They wanted us to pay another additional $160,000 in fines and plead to a felony charge of structuring.” They refused. You bake bread for three generations. You pay your taxes. You put your own money in the bank. And the IRS treats you like a criminal, demanding nearly a quarter million dollars. CONTEXT: Fortunately, the IRS didn’t get away with this one. Hours after the Institute for Justice sued, the IRS agreed to return all $68,382.22. Two weeks later, it withdrew a grand jury subpoena demanding eight years of the bakery’s business records. Crazy that they tried to ruin a business over depositing money into their own bank account.

Prop 40 is the most important ballot initiative in America. A 5% tax on the 989 billionaires in our country would raise $4 trillion. We have to ask a basic question: Are we going to be New Deal Democrats or donor class Democrats?

TONIGHT 8pm ET Are You Smarter Than a Politician? @GoodAMLiberty @Rerazer @Phillotines As always, you're in control. The chat determines the scores. youtube.com/live/pCDWkQ0FLPw…