his email from staff representative at my kid’s elementary school is messed up. Strike if you must but it’s diabolical to say “don’t do independent study while we shut down the school for a few days”.
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California labor law says unions can only strike after completing the impasse process. UESF skipped the steps and called a strike anyway.
The most successful tech founders of all time have now exited the failed state of California.
With Phillips 66 also exiting, nearly 10% of California’s in-state refining capacity is coming offline in a short window.
The real story is $10 billion in tax avoidance.
Zuckerberg is buying a $150-200M estate on Indian Creek Island from the founder of Jersey Mike’s Subs. That’s a 4-5x return for Cancro, who bought the lot for $37M in 2021 and built the mansion from scratch. Good trade.
But zoom out. California just filed the 2026 Billionaire Tax Act, a ballot initiative imposing a one-time 5% tax on the net worth of anyone worth over $1 billion who was a California resident on January 1, 2026. On Zuckerberg’s ~$212 billion fortune, that’s roughly $10.6 billion in state taxes.
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