July 4, 2026
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Author: Jay Rogers

Jay Rogers is a financial professional with more than 30 years of experience in private equity, private credit, hedge funds, and wealth management. He has a BS from Northeastern University and has completed postgraduate studies at UCLA, UPENN, and Harvard. He writes about issues in finance, constitutional law, national security, human nature, and public policy.

California Doesn’t Have a Wealth Tax… The Wealthy Left Anyway

July 1, 2026   6:00 amJuly 1, 2026   6:01 am
One of my clients moved to Texas two years ago. He’d built a software company over twenty years, sold it, and ended up with a concentrated position in a private fund and a house in Palo Alto worth more than...
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Sacramento’s Newest Trick: Making You Pay to Watch Them

June 26, 2026   7:11 amJune 26, 2026   7:11 am
The California Public Records Act turns 58 this year. It was born from a simple premise: the government works for the people, and the people have a right to see what their government is doing. For nearly six decades, that...
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The New Caste System: California’s LGBTBE Program Rewards Identity Over Merit

June 20, 2026   6:40 amJune 20, 2026   11:29 pm
I arrived in California in 1990, when the government was functioning and the mood was upbeat. Thirty-five years later I’m still here, watching Sacramento systematically dismantle the institutional infrastructure that made the state worth staying in. The latest example is...
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The Homeless Money Machine Just Lost Its Plug

June 14, 2026   6:53 amJune 14, 2026   6:54 am
I’ve lived in Southern California since 1990. I arrived when the state had a vibrant economy and a functioning government. Over 35 years, I’ve watched Los Angeles spend its way into a homelessness crisis that keeps getting worse no matter...
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California’s Billionaire Tax Will Accelerate Its Own Demise

June 8, 2026   12:30 pmJune 8, 2026   12:31 pm
The proposed 2026 Billionaire Tax Act, officially Initiative No. 25-0024, would impose a one-time 5% excise tax on the net worth of anyone with assets over $1 billion who resided in California as of January 1, 2026. Organizers have collected...
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Death by Permit

June 6, 2026   6:30 amJune 6, 2026   6:31 am
California’s regulatory apparatus has always excelled at one thing: extracting fees. Protecting property — or people — is a different matter entirely. In 2005, the Supreme Court handed down Kelo v. City of New London and the country erupted. The...
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The Definition of Insanity: California Edition

June 4, 2026   7:00 amJune 4, 2026   7:01 am
I moved to California in 1990. The economy was on an upswing. Teachers, firefighters, and nurses could still afford to buy a house. Thirty-five years later, after uninterrupted progressive governance, the median home sale price in Los Angeles County sits...
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