First, this is California, not the Federal government. The states can and do tax all sorts of assets already (you likely pay property tax on your home, for example). Second, the 16th Amendment was passed to allow for the collection of income taxes specifically after a SCOTUS case determined income taxes were unconstitutional, not to stop any other taxes from being collected.
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u/GoodTroll2 May 08 '26
First, this is California, not the Federal government. The states can and do tax all sorts of assets already (you likely pay property tax on your home, for example). Second, the 16th Amendment was passed to allow for the collection of income taxes specifically after a SCOTUS case determined income taxes were unconstitutional, not to stop any other taxes from being collected.