I won a President's Physical Fitness Award.

Setting aside the specifics of this particular b.s., Democrats have to be more alert to the fact that there are prob. north of $10 trillion in unrealized gains among the top .1% and R officials are going to be looking for ways to let those gains get wiped out @ low tax cost before Ds can tax them.

Listen: Professor Brian Galle (@bdgesq.bsky.social) joined @stateofthebay.bsky.social on @kalwradio.bsky.social to discuss a proposed one-time wealth tax on California’s billionaires: https://bit.ly/4blVbvK

LIVE on @kalwradio.bsky.social now: How would a billionaire wealth tax actually work — and could it survive legal challenges? @bdgesq.bsky.social @ucberkeleylaw.bsky.social and Christian Leonard @sfchronicle.com. Call 866-798-8255 91.7 FM / kalw.org www.sfchronicle.com/california/a...

If you crushed a dude in college debate and then he becomes a Supreme Court justice you also get to be on the Court and he has to get you lunch. Every day. Look I am not making this up it's right there in the 1992 APDA by-laws.

Listen the full "Berkeley Law Voices Carry" podcast episode featuring Professor Brian Galle, who’s just released a new book, How to Tax the Ultrarich, outlining a plan for fairer taxation at the federal level: www.law.berkeley.edu/podcast-epis... #BerkeleyLaw

It is somewhat amazing how in his own head Gorsuch is about this major question doctrine stuff, to the point that he thinks these paragraphs are a *defense* of the MQD.

Reporters with questions about remedies when a Court strikes down unlawful consumption taxes should be calling law.ucdavis.edu/people/darie... Sorry, Darien! Better you than me.

My free article idea of the day for con-law types: Regulations are government speech and so the MQD is void for vagueness.

Check out ‘Voices Carry’: Professor Brian Galle (@bdgesq.bsky.social) on Taxing the Ultrarich, in California and at the Federal Level www.law.berkeley.edu/article/prof... Host @gwyneth.bsky.social #CABillionaireTax

Hey if you don't care for ssrn but want an explainer on the #CABillionaireTax (now officially Bernie-endorsed!), you can read up here: www.sfexaminer.com/news/politic... (except sorry, you first have to scroll past me, cosplaying as vest-wearing billionaire)

Loving this trend where tax lawyers are telling us about their supposed strategies for dodging the #CABillionaireTax. www.nytimes.com/2026/02/14/u... Like, sure, try transferring $ to an out-of-state trust. That $ is still part of your taxable net worth. See sec. 50303(c)(6)(B).

One of the main arguments voiced by opponents of the proposed billionaire tax here in California is that it will drive the ultra-wealthy to leave the state. That fear, says initiative co-author @bdgesq.bsky.social, is overblown. In an interview with the @sfexaminer.bsky.social Galle explained why.

Taxation without representation, you might call it.

An issue that I think is at the heart of many current unemployment insurance problems, and from two people I'll always want to read more from. Click.

Our fellow @bdgesq.bsky.social helped design the California wealth tax now being protested by the pro-billionaire advocates. Last month, he laid out a national approach to taxing extreme wealth—so public services can be sustainably funded. Because the tax code clearly isn’t working as intended.

Shut it all down. We're never going to top this

News flash! March to protect billionaires from tax too small for their accountants to even notice is unlikely to draw favorable crowds, billionaire-backers say: www.sfexaminer.com/news/technol... (also quotes me; for the data I'm citing, see www.nber.org/papers/w34170)

Retweeting for the kid in the t-shirt. The guy dressed as the Monopoly top-hat character...I mean, I chuckled, but a bit easy. Let's get creative out there, people.

Oh wow, uh okay full disclosure we are receiving tremendous amounts of cash to be here.

Our fellow @bdgesq.bsky.social helped design the California tax. Now, he’s advancing a nationwide ultra-wealth tax—to rein in extreme wealth and, by extension, curb the political power that currently comes with it in every state in the country. Read the plan here:

Apparently, this is real. Or if it's actually by that Borat guy, he created a very, very deadpan web site. Anyway, imagine the vanity & self-regard it would take to organize a protest *this* week and it's against a 1% annual tax on billionaires.

@oxfaminternational.bsky.social reports billionaire wealth has reached a new peak. Policy needs to catch up. The FAST proposal from @bdgesq.bsky.social offers a practical way to tax the ultrarich in the US ⬇️ https://bit.ly/4btkkp0

Six months ago, we told you all about how NYC millionaires wouldn’t run for the hills if Mamdani won and raised their taxes. Now, we’re debunking the same myth with the new California billionaire tax ballot measure. Learn more in our new Closer Look: patrioticmillionaires.org/perspectives...

ICYMI, this is one of the coolest projects I’ve peeked behind the curtain on. If you’re a tax nerd this mechanism is worth your time to understand

“I’m interested in how things work. And right now, it [capitalism] doesn’t seem to be working well,” Professor Brian Galle (@bdgesq.bsky.social) spoke to @fortune.com about his new book, How to Tax the Ultrarich: https://bit.ly/3LTOA1V

Readers, today is the exciting launch day for my book! How to Tax the Ultrarich bit.ly/4rk6wBM In partnership with the great economic policy team @rooseveltinstitute.org A few threads will follow. 1st, the key takeaway: even w/ *this* Supreme Court, we can tax wealth at the federal level. 1/12

A just tax system is essential to rebuilding our democracy. Proud to publish @bdgesq.bsky.social's new paper on one way to get there.

NEW📰: A constitutionally sound tax plan to make the ultrarich pay their fair share that: ✅ Targets extreme wealth ✅ Closes trust & inheritance loopholes ✅ Ties payments to cash events, making it enforceable Read our latest from @bdgesq.bsky.social: https://bit.ly/4rk6wBM

This is a particularly key point in the US, as I argue in "How to Tax the Ultrarich" (coming to your downloads this Thursday!). It is politically very difficult to tax both accumulated investment gains (deemed realization @ death) and the inheritance gains of the next generation at the same time.

This guy is standing up to a lot of powerful people on a lot of fronts. 🫡 (that's the salute emoji)

Some more #CABillionaireTax in the news: A deeper dive into whether the CBTA has learned the lessons of the most successful European wealth tax systems in Spain and Switzerland (spoiler: yep). Plus commentary from some people who haven't read the bill text 🫤. www.latimes.com/california/s...

Once had a long cab ride with a driver who had all his retirement savings in silver ("It's almost as nice as gold but only 1/10 the price..it's got to catch up someday.") I was dubious but guess he was right after all. Now going back to review all the investment advice I have received from cabbies.

A useful and amusing debunker from Current Affairs on the #CABillionaireTax: www.currentaffairs.org/news/every-a...

Yet more misinformation about the #CaliforniaBillionaireTax is circulating on X, drawing on highly misleading analysis from the Tax Foundation. We have posted a short document explaining why that analysis is false. papers.ssrn.com/sol3/papers....

Yet more misinformation about the #CaliforniaBillionaireTax is circulating on X, drawing on highly misleading analysis from the Tax Foundation. We have posted a short document explaining why that analysis is false. papers.ssrn.com/sol3/papers....

There's a lot of misinformation already floating around about the #CABillionaireTaxAct. We have posted some new resources for folks who want to learn more. 1. FAQs about the bill. papers.ssrn.com/sol3/papers.... 2. Rebuttal of some dumb legal arguments about it: papers.ssrn.com/sol3/papers....

There's a lot of misinformation already floating around about the #CABillionaireTaxAct. We have posted some new resources for folks who want to learn more. 1. FAQs about the bill. papers.ssrn.com/sol3/papers.... 2. Rebuttal of some dumb legal arguments about it: papers.ssrn.com/sol3/papers....

A decent summary from CBS. They are still doing some news there I guess. www.cbsnews.com/news/califor...

Introduce yourself with what almost killed you: Hey, what's up? I'm "grading 80 corporate tax exams."

Are you a billionaire? Happy New Year! If you're living in California today & the 2026 Billionaire Tax Act passes, you'll pay a one-time 5% tax on your net worth (which you can spread over 5 years if you pay a small deferral charge).

Before the year ends, consider making a gift to support independent investigative journalism. Your support helps ensure ProPublica can keep doing the work others can’t, or won’t. Join us with any gift amount: https://propub.li/3YJ5G5c

Tech Billionaires Threaten To Flee California Over Proposed Vest Tax https://theonion.com/tech-billionaires-threaten-to-flee-california-over-proposed-vest-tax/

As the Times story on the CA Billionaire Tax Act notes, if the Act is adopted in Nov. of 2026 it will impose a tax on all individuals who were resident in CA as of Jan. 1 (i.e., next Thursday). It is very unlikely billionaires can really move before then. Is that constitutional, though? Read on. /1

Every gift to ICIJ is matched today through Dec. 31 — dollar for dollar, up to $15,000, thanks to two generous supporters. Make your support go twice as far!

This is the same guy who predicted the streets of Manhattan would be clogged with millionaires' moving trucks, yes? Just as a reality check, the CBTA would reduce the growth of an avg billionaire's wealth from ~7% to 6% annually for 5 years. If your COLA got cut by 1%, would you quit & move to FL?

As the Times story on the CA Billionaire Tax Act notes, if the Act is adopted in Nov. of 2026 it will impose a tax on all individuals who were resident in CA as of Jan. 1 (i.e., next Thursday). It is very unlikely billionaires can really move before then. Is that constitutional, though? Read on. /1

More seriously, as most readers here know I helped draft the CA billionaire tax initiative text and you just can't get out of it by setting up a couple of LLCs in Florida. We have thought about how to block these fake paper moves for 4 years.

More seriously, as most readers here know I helped draft the CA billionaire tax initiative text and you just can't get out of it by setting up a couple of LLCs in Florida. We have thought about how to block these fake paper moves for 4 years.

Are they going to stay with their girlfriend in Canada?