Page 26 of the "Billionaire Tax" proposal explains how the state legislature could transform the measure from a billionaire-only levy into a tax that applies to everyone without requiring voter

If this were truly a billionaire tax, it would be three pages. It’s 34 pages to create the mechanisms to seize assets from residents.

allow the tax board to subpoena financial records from all financial institutions for auditing The proposal spans 34 pages of convoluted language outlining mechanisms by which the government could claim

authorize the tax board to appraise assets and confirm each reported value face a penalty of up to 40% of the tax bill if the board determines reported values were too low

Here’s how the tax would work: voters would be asked to approve a tax requiring them to: list all assets and the value of each, then submit that information to the California Franchise Tax Board

On page twenty-six it explains how the government could convert it into an Everyone Tax without voter approval. It also permits changing the tax into an annual levy rather than a one-time charge, again

Despite the name, it would apply to every California resident who currently has assets or ever will. It was labeled the Billionaire Tax to provoke outrage and distract from what it actually does to residents.

The Billionaire Tax is actually an Everyone Tax. The proposal was written by four professors who are portrayed as not believing in the American dream; some aren’t even American.

Software Factory acts as the control plane: Requirements, Blueprints, Work Orders, Tests, & Feedback bound by the Knowledge Graph. Built once; swaps require no rework

Switching from Claude Opus 4.7 to Codex GPT-5.5 can be done with one keystroke. The prompts, evals, and checklists tuned for the old model are not

Relying on a single foundational model is turning into a bottleneck that should be avoided to preserve independence and flexibility. Software Factory solves this for complex enterprise projects — a useful,

This is becoming an increasingly valuable capability for enterprises: swapping models because of cost, terms of service, security, capability, and so on.

AI has fundamentally transformed workflows, but it isn't a button that instantly generates revenue — it doesn't work that way

Those promoting overnight AI-built businesses are selling a get-rich-quick pipedream; grifters like that surface in every cycle

The idea of one-shotting an app with AI is a sham Describing an app and all the edge cases solved over years would fill a prompt the size of a small book, even when the app isn't that complex

The narrow path to success is hypergrowth followed by a well-timed exit (e.g., Windsurf, Cursor)

One-shotting products with AI can drive rapid growth, but it doesn't magically turn the resulting negative gross margins into a viable business model.

💯 The current hype will cool, a trough of disillusionment will follow, and many of those magical promises — along with the companies behind them — will unravel

Consider the deals OpenAI and Anthropic will need to make over the next few years — the Amazon‑Anthropic arrangement was just an appetizer If a savvy counterparty controls the right assets… 🤤

Owning that grants immense negotiating leverage today, and as data center projects get voted down, that leverage will only grow That was just shown with Cursor