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  "path": "/778204/",
  "publishedAt": "2026-02-23T17:34:48.000Z",
  "site": "https://instapundit.com",
  "tags": [
    "Uncategorized"
  ],
  "textContent": "PHIL HAMBURGER: When Is a Tax Not a Tax? When it’s a taking, like California’s proposed wealth levy. California’s proposed billionaire tax is unconstitutional. The ballot initiative calling for one-time retroactive 5% tax on the net worth of the state’s billionaires has prompted much unease, but the legal arguments against it have remained elusive. It’s […]",
  "title": "PHIL HAMBURGER:  When Is a Tax Not a Tax?  When it’s a taking, like California’s proposed wealth"
}