September 23, 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.

Mello-Roos: The Special Tax That Follows the House

August 25, 2026   6:30 amAugust 25, 2026   6:31 am
In more than thirty years reviewing fixed-income holdings and family-office portfolios, I have watched California homeowners discover the same unwelcome line item on their property-tax bills. It sits below the familiar 1% Proposition 13 rate, labeled “CFD,” “Special Assessment,” or...
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California’s Housing Shortage Has a Washington Fingerprint

August 20, 2026   3:45 pmAugust 20, 2026   3:46 pm
I landed in California in 1990, the tail end of the Reagan afterglow, when the state still felt like the reward at the end of the road trip. Three decades later I’ve got two sons who will be hunting for...
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Nobody In Sacramento Voted Against This Bill – It Could Still Die Anyway

August 12, 2026   8:40 amAugust 12, 2026   8:40 am
A bill just cleared the California Assembly 76-0. Zero no votes. Not one member of either party stood up to object. In a Legislature that can turn a resolution honoring National Donut Day into a floor fight, that alone is...
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The SECURE Data Act Isn’t So Secure for State Sovereignty

August 5, 2026   7:00 amAugust 5, 2026   7:01 am
Congress calls it the SECURE Data Act. Californians should read it as a preemption bill wearing a privacy label. Rep. John Joyce (R-Pa.) introduced H.R. 8413 in April, and it would build the first federal law covering the full sweep...
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California Proves Pension Reform Was Never a Settlement

July 29, 2026   6:00 amJuly 29, 2026   6:01 am
California’s Assembly Bill 1383 passed the Assembly 70 to 2 in January. Set aside for a moment what the bill does. Start with the vote. Seventy members, from the most progressive Democrat in the caucus to all but two Republicans,...
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Stockton Already Told Us How This Ends

July 22, 2026   6:00 amJuly 22, 2026   6:01 am
Stockton’s 2012 bankruptcy filing gets taught as a morality play about municipal excess. It wasn’t excess. It was a fiduciary breach, and the record proves it. In 2007 the city council voted to sell $125 million in pension obligation bonds...
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CalPERS Committed $21 Billion to Diversity But Still Can’t Say If It Paid Off

July 21, 2026   12:00 pmJuly 21, 2026   12:01 pm
Federal contractors have until July 24 to certify they don’t run illegal DEI programs, or risk the fate of IBM, which paid $17 million in May to settle the first case brought under the Justice Department’s Civil Rights Fraud Initiative....
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