San Francisco wealth tax will fuel next blue exodus

The cel­e­bra­tion of Democ­rats is on hold after the elec­tion results. Joe Biden and Kamala Har­ris are head­ed to the White House, but defeats in both cham­bers of Con­gress slowed the extreme agen­da of pack­ing the Supreme Court, adding new states to the union, and the prospect of a con­fis­ca­to­ry wealth tax. Unfore­seen loss­es for Democ­rats in Con­gress and state leg­is­la­tures will most like­ly mean that rad­i­cal pol­i­cy pre­scrip­tions will be only pos­si­ble at the local level.

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