By M Dowling
Ro Khanna doubled down on his support for a 5% seizure of billionaires’ assets in California. Eventually, they could end up with nothing. The government has no right to the assets. It is literally theft.
Khanna sold himself as a capitalist, and he certainly lives as one, and now he sounds like a quasi-communist.
He’s not well. Ro is also a congenital liar.
The California Democratic Party and the California labor movement just stood with @BernieSanders and me in supporting 5% wealth tax on 250 California billionaires.
California voters want a Democratic Party that will stand up for the working class over the billionaire class. pic.twitter.com/QrLZUh3bS6
— Ro Khanna (@RoKhanna) August 15, 2026
Khanna wrote the following delusional statement in all seriousness.
“Allow illiquid [wealth on paper, not cash] founders [whose wealth is tied up in their companies] to pledge shares [of their company’s stock] with a loan from the government to pay tax. The loan period is long but not infinite (e.g. 10 years). The loan is non-resource: at the end of the period, the loan is either paid back in cash, or the government assumes the shares.”
That gives founders ten years to make it big. Many will lose it all to the government thanks to those loans.
This is madness and criminal.
full story at https://www.independentsentinel.com/ro-khanna-wants-to-steal-billionaires-assets-in-california/