September 25, 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’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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Sacramento’s Gift to California HOAs: Capped Budgets and Crumbling Streets

May 20, 2026   3:32 pmMay 20, 2026   3:32 pm
I’ve spent sixteen years on the Ladera Ranch Community Services board and coached youth football and rugby for years. Both roles share one practical lesson: arbitrary limits imposed from outside don’t lower costs. They shift them, and usually onto the...
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Sacramento’s Favorite Fix: When Policy Fails, Silence the Critics

May 18, 2026   6:30 amMay 18, 2026   6:31 am
California lawmakers have a long-established habit of treating the First Amendment like a nuisance. If speech is uncomfortable, regulate it. If criticism is sharp, chill it. If reality looks bad, rename it. That reflex is on full display in Assembly...
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High-Speed Rail Shuffle: Bay Area Cronies Board the Boondoggle While the Central Valley Gets the Shaft

May 15, 2026   8:00 amMay 15, 2026   8:01 am
Fresno developer Tom Richards spent sixteen years trying to steer California’s high-speed rail project toward something resembling a real outcome. Last week he stepped down as board chair of the California High-Speed Rail Authority. Governor Gavin Newsom’s response: appoint two...
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Boys in Girls’ Sports: California’s Track Farce Exposed

May 11, 2026   6:00 amMay 11, 2026   6:01 am
Outside Yorba Linda High School this past Saturday, the California Interscholastic Federation’s Southern Section Division 3 preliminaries offered a study in institutional failure. Parents gripped signs. Athletes stretched in silence. A “Save Girls’ Sports” rally, organized by former NCAA women’s...
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