Source: Independent Institute
by Daniel Sánchez-Piñol

“The California Billionaire Tax Act has qualified for the November 2026 ballot, promising a massive cash windfall for the state. Proponents confidently declare that it will yield around $100 billion. On paper the calculation seems a no-brainer. If you take the net worth of California’s billionaires from the Forbes list at the beginning of the year, roughly $2 trillion, and apply the proposed one-time 5 percent wealth tax, you land right around $100 billion. However, while the arithmetic is straightforward, the economics are shaky. A foundational principle of economics is that individuals respond to incentives. Apply this principle to California’s wealth tax scheme and a different picture emerges.” (07/01/26)

https://www.independent.org/article/2026/07/01/california-wealth-tax-accountants-dream-economists-nightmare/

Source: Common Dreams
by Miles Mogulescu

“President Donald Trump used red-scare rhetoric to denounce the progressive winners in New York’s Democratic primary last week as ‘godless communists’. Rather than explaining that the progressives are not communists in the vein of the Soviet Union or communist China but social democrats in the vein of Scandinavia, a group of so-called ‘moderate’ Democratic politicians piled on to Trump’s red-baiting. Two days after the primaries, this group of 15 corporate Democrats (let’s just call them what they are) attacked the winning Democrats in an open letter drafted by Democratic Rep. Tom Suozzi of New York proclaiming, ‘we are capitalist, not socialist’. In an interview with the New York Times, Suozzi added ‘that message from Tuesday is not the message that I embrace’.” (07/01/26)

https://www.commondreams.org/opinion/democratic-party-moderates

Source: Law & Liberty
by Max Skjönsberg

“One Nation Conservatives emphasize the paternalistic, socially cohesive, and pragmatic virtues of ‘Old England,’ in opposition to reforming free-marketeers and socialists alike, as a British version of centrism. They are the ones Margaret Thatcher called ‘wets,’ though even Thatcher’s ‘sons’ were affected by their force. When Miliband spoke of ‘One Nation’ in a Blue Labour voice, then-Conservative Prime Minister David Cameron launched his own version of Disraelian politics in the form of the ‘Big Society,’ which turned out to be, as the British would say, a damp squib. More recently, One Nation Conservatism has been pitched as an alternative to populism, though Brexit and Reform leader (and one-time Thatcherite) Nigel Farage appears now to have a stronger appeal with the working class, perhaps thanks to his echoing of Disraelian themes.” (07/01/26)

https://lawliberty.org/book-review/the-making-of-one-nation-conservatism/

Source: Reason
by JD Tuccille

“Last week, two federal agents went to David Streever’s home in Rochester, New York, to warn him over a strongly worded email he sent to then-Immigration and Customs Enforcement (ICE) interim director Todd Lyons, according to Michelle Breidenbach of the Post-Standard. As such missives often do, Streever’s email evokes the Nazis, telling Lyons: ‘You are a monstrous human being and will go down in history as America’s Reinhard Heydrich, the butcher.’ It goes on to excoriate him over the protesters killed by federal agents in Minnesota and predicts, ‘you will torment yourself until your last day on Earth.’ The email is harsh. But at no point is it threatening. It’s the sort of message that public figures of all sorts receive and discard every day. Except that federal officials seem to be emulating the thin-skinned current president’s attitude towards criticism.” (07/01/26)

https://reason.com/2026/07/01/thin-skinned-government-agents-threaten-yet-another-critic/