Chad Peace of the Independent Voter Project sat down this week with Crystal Newton and Scott Gavorsky on their podcast, 775 Alive, a Nevada-based show that takes the kind of local civic questions most political media glosses over and really digs into them.
Giannella Paredes
Crystal and Scott aren't looking for talking points. They're looking for answers, and with nonpartisan voter registration on the rise across Nevada, they wanted to understand what a shift to a nonpartisan primary system would mean for the state and its voters.
A wealth tax doesn't just hit the ultrarich. It gives the government the power to value everything you own and to take a cut each year. Once that authority exists, no one is out of reach. https://t.co/m0VSb0PYhI
— reason (@reason) February 3, 2026
Progressive leaders, including Sen. Bernie Sanders and Rep. Ro Khanna, have endorsed the wealth tax.
After investor Peter Thiel warned he would leave California over a wealth tax, Khanna wrote on X, as reported by Kiplinger’s:
“The reduction in state revenues from these kinds of responses could be hundreds of millions of dollars or more per year. This would mean less money for the state’s general budget that supports education, health care, prisons, and other services.”
According to Forbes data compiled by Americans for Tax Fairness and reported by Business Insider, between 214 and 241 billionaires lived in California as of January 2026, more than any other U.S. state, with combined wealth estimated at roughly $2 trillion.
Palmer Luckey, founder of Anduril, told Newsweek the tax would force founders to: