A ballot initiative to put a one-time wealth tax on the uber-rich has billionaires screaming, “Taxation without representation!”

We Americans are barraged these days with multiple crises, so I hate to add anything else to our list of worries.

But I’m told this one is an epic disaster, so we must respond! It started in California, and one financial leader there now calls it “the greatest tragedy this state has ever felt.” Holy Titanic! What can it be?

Uh … it’s taxation. Does that mean it would add to the burden of hard-hit poor and middle-class families? No, it wouldn’t apply to them at all, or even to mere millionaires. Rather, it’s a ballot initiative to put a one-time wealth tax on the uber-rich — the billionaire class. Indeed, only about 200 royally rich California folks would pay anything under this proposal.

But those billionaires are squealing like stuck pigs, and they’ve hired hordes of lobbyists,........

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