David Friedberg

Yeah, so it's direct and implicit in those states' constitutions, or they have an amendment to the Constitution that makes it direct or implicit that you can't do a wealth tax or an asset seizure tax.

Yes, that is correct.

Yes, that is correct.

But because of some of the other state constitutions, it's implicit.

But because of some of the other state constitutions, it's implicit.

So Texas has in their constitution a prohibition on, quote, tax on wealth or net worth.

So Texas has in their constitution a prohibition on, quote, tax on wealth or net worth.

Washington has a uniformity clause which treats income as property, which bans non-uniform rates.

Washington has a uniformity clause which treats income as property, which bans non-uniform rates.

Florida's constitution bans any sort of personal tax.

Florida's constitution bans any sort of personal tax.

Pennsylvania has a strict uniformity clause, which would make it impossible to have graduated tax rates or distinguished tax rates amongst populations.

Pennsylvania has a strict uniformity clause, which would make it impossible to have graduated tax rates or distinguished tax rates amongst populations.

Illinois has a strict constitutional mandate for a flat non-graduated tax rate, so you cannot do a separation.

Illinois has a strict constitutional mandate for a flat non-graduated tax rate, so you cannot do a separation.

And then asset seizure is referred to as a civil asset forfeiture, which...

And then asset seizure is referred to as a civil asset forfeiture, which...

is a separate legal issue, but implies in states like New Mexico, Nebraska, and North Carolina, you cannot actually have an asset taken from you by the state.

is a separate legal issue, but implies in states like New Mexico, Nebraska, and North Carolina, you cannot actually have an asset taken from you by the state.

So there's a bunch of states that this would be constitutionally protected against.