
The planned wealth tax leads slightly in the polls and is already driving capital flight.
Report: California’s Proposed ‘Billionaire Tax’ Is Based on Bad Research
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
19 Sep 2026 Leave a comment
in fiscal policy, macroeconomics, Marxist economics, politics - USA, public economics Tags: California, taxation and entrepreneurship, taxation and investment

The planned wealth tax leads slightly in the polls and is already driving capital flight.
Report: California’s Proposed ‘Billionaire Tax’ Is Based on Bad Research
16 Feb 2026 Leave a comment
in entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: California, regressive left, rule of law, taxation and entrepreneurship, taxation and investment, wealth tax

Below is my column in the California Post and New York Post on the exodus of wealthy taxpayers from the state as Democrats seek to trap them with a retroactive wealth tax. They are engineering a type of reverse Gold Rush as up to a trillion dollars leave the state with a line of U-Hauls […]
Eat the Rich: California Democrats Trigger a Reverse Gold Rush with a Wealth Tax
29 Jul 2025 Leave a comment
in applied price theory, income redistribution, labour economics, labour supply, minimum wage, politics - USA, Public Choice, rentseeking, unemployment Tags: California
The classic book, Economics in One Lesson reduces all of economics to a similar lesson:The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.The lesson of Chapter…
CA min wage goes up ==> CA employment declines
25 Jul 2025 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, politics - USA Tags: California
The California Energy Commission (CEC) is reportedly actively seeking buyers to stop the upcoming closure of the Valero refinery in Benicia, California, according to three people familiar with the matter that spoke to Reuters. Democrat officials are now reportedly scrambling to keep the refinery operating in California after enforcing stringent regulations that have helped prompt refineries to close across the state for years.
California Dems Reportedly Scrambling To Find Buyer For Refinery After Running Owner Out Of Town
22 Apr 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, industrial organisation, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, survivor principle Tags: California, climate activists, regressive left
California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
29 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: California, solar power, wind power
“With a resource portfolio that includes a substantial amount of solar [panels], the risk of supply shortfall is associated with summer evening periods when demand is high and solar output is diminished.”
International Regulatory Authority Says California Grid at Risk of Energy Shortfalls
28 Oct 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: California
“There are two reasons that gas is more expensive in California, and neither of them have to do with price gouging. The first reason, which we’re all very familiar with, is the extra taxes that are added on,” Edward Ring, the director of water and energy policy for the California Policy Center, told the DCNF. “When you take all of the state taxes, fees and programs, you’re going to add another $1.23 to the price of a gallon of gas, and that’s not including the 18 cents a gallon of federal excise tax.”
California Keeps Driving Up Gas Prices With ‘Layers And Layers’ Of Green Rules And Regs
14 Feb 2024 Leave a comment
in development economics, economics of regulation, energy economics, environmental economics, global warming, politics - USA Tags: California, climate alarmism
By “leaking” emissions to other countries, California successfully reduces its in-state emissions, but effectively induces net increases to the world’s emissions!
The California Energy Scam: Newsom’s Actions Of “Leaking” Emissions To Poorer Developing Countries.
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
29 Sep 2020 Leave a comment
in applied price theory, economics of bureaucracy, economics of crime, economics of regulation, health economics, industrial organisation, law and economics, liberalism, politics - New Zealand, politics - USA, Public Choice, public economics, survivor principle Tags: California, marijuana decrimilisation, offsetting behaviour, unintended consequences
23 Aug 2020 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: California, climate alarmism, nuclear energy, solar power, The fatal conceit, unintended consequences, wind power

22 Sep 2015 Leave a comment
in economic history, politics - USA, Public Choice Tags: 2016 presidential election, California, voted demographics
California: the Republican party's lost state econ.st/1KfIJK0 http://t.co/vkdO87BfPE—
The Economist (@ECONdailycharts) September 17, 2015
08 Apr 2015 Leave a comment
in applied price theory, Public Choice, rentseeking Tags: California, drought, water pricing
Why California's drought is a disaster for your favorite fruits and vegetables bit.ly/1c11TGf #WorldWaterDay http://t.co/1GoecvI1WH—
Mother Jones (@MotherJones) March 22, 2015
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