California is chasing wealth that has feet
California Is Chasing Wealth That Has FeetCalifornia has $8.14 trillion in land sitting right under its feet. The state has a revenue hole, and billionaires can afford to help fill it.Support more work like this by subscribing. The short version: land is one of the biggest pools of wealth there is, California has more of it than almost anything else, and it cannot leave the state.California’s Land is a Big DealWe estimated the total value of California’s land, summing it up parcel by parcel: about $8.14 trillion.
- ▪California Is Chasing Wealth That Has FeetCalifornia has $8.14 trillion in land sitting right under its feet.
- ▪The state has a revenue hole, and billionaires can afford to help fill it.Support more work like this by subscribing.
- ▪The short version: land is one of the biggest pools of wealth there is, California has more of it than almost anything else, and it cannot leave the state.California’s Land is a Big DealWe estimated the total value of California’s land, sum
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| Original publisher | Hacker News (Front Page) |
| Canonical URL | https://blog.landeconomics.org/p/california-is-chasing-wealth-that |
| Publication time | Thu, 24 Sep 2026 20:34:32 +0000 |
| Retrieval time | 2026-09-24T22:10:26.642Z |
| Last seen | 2026-09-24T22:10:26.642Z |
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California Is Chasing Wealth That Has FeetCalifornia has $8.14 trillion in land sitting right under its feet. It's chasing billionaires instead.Greg MillerJun 30, 202684519ShareThe Center for Land Economics full report can be found here; our op-ed on the same argument ran in the San Francisco Chronicle yesterday.Last week California certified a Billionaire Wealth Tax for the November ballot: a 5 percent one-time levy on the state’s billionaires, paid out over five years, to raise about $20 billion a year for health care, food aid, and schools after federal cuts. We understand the impulse. The state has a revenue hole, and billionaires can afford to help fill it.Support more work like this by subscribing.
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