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California

MichMan

(17,587 posts)

1. How are they planning to determine everyone's total wealth?

Reply to RandySF (Original post)

Thu Jun 18, 2026, 04:08 PM

Thursday

It would consist of real estate, investments, businesses, art, jewelry, cars, collectibles, furniture and anything else that is property. Just how does California plan on assessing the values of all those things, without a team of assessors physically looking at all of them?

First off they have to determine the values to know who is even eligible for the tax and after that determine how much people would owe. It seems like they would have to assess all kinds of people to know who had $100 million, $500 million, or over a billion.

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How are they planning to determine everyone's total wealth? MichMan Thursday #1