Authored by Milan Adams via Preppgroup,

California’s Proposition 40 would create a one-time, five percent tax on the net worth of individuals with at least one billion dollars who were residents on January 1, 2026. The Legislative Analyst’s Office says the measure targets billionaire wealth rather than income, and frames it as a single assessment, not a recurring levy. Supporters pitch the revenue for health care and related services. The ballot analysis sets the basic rules and timing for who pays and when, and confirms the five percent rate.

...but remember, inflation is only 3%.

by Tyler Durden

Thanks to how mean President Trump has been, Canada could become the first-ever "associate member" of the European Union under a proposal unveiled Wednesday by European Commission President Ursula von der Leyen, as Ottawa looks to reduce its economic dependence on the United States.