Those rich geezers can afford it. Anyone with a net non-real estate asset worth of $5M should be assessed a one time fairness tax of $1M. They would never miss it.
They are assessed a one time fairness tax. It may not be $1 million but it is a lot. Sadly though it happens every April.
5 mil isn't what it use to be, you need a few million just to be middle class in CA.
That is a very scary reality for SS benefits.