David Friedberg
๐ค SpeakerAppearances Over Time
Podcast Appearances
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.
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.
So there's a bunch of states that this would be constitutionally protected against.
I don't think it's going to make the ballot.
I mean, look, I think it's not, I'm not saying 100%.
I'm saying slight overweight that it's not going to get there.
I think we're going through the rolling wake-up process right now, which is people are waking up to the fact that the asset seizure tax is an elimination of private property rights.
That fundamentally what you're saying, and I wrote this in my tweet, that private property now becomes public property.
Because as soon as you give the government the right to collect your post-tax assets
through a legislative vote, you are basically saying that you no longer have private property, because at any point in the future, the government can vote to say, I'm going to take your private property, which is different than an income tax, which is when you earn something that you didn't have before, and they take a percentage of your earnings of your income.
The statement now is after you've made your income, it's now your private property, they can come and take it.
And so that is a distinction that has never existed in the United States.
And I will make the retort right now to property tax because people always say to me, well, what about property tax?
A property tax is a service fee on a particular specific asset.
The money that is collected provides services for that asset to make it more valuable.
So you get roads, infrastructure, policing, fire care, schools, all the stuff that comes with property tax makes that asset more.
And you have the option at any point you want to sell that property and stop paying that property tax.
you have the option at any point to downgrade your property and get a cheaper property and pay it lower.