California is one of probably the most overtaxed states within the nation. However as this episode of What’s Forward warns, residents are in for a brand new jolt: Electrical energy payments is not going to solely be based mostly on the quantity of juice consumed but in addition on private incomes.

That’s proper. Along with the standard earnings tax persons are at present subjected to, it is a new earnings tax—and it’s mixed with a novel income-redistribution scheme.

The state legislature handed this outrageous monstrosity a yr in the past, and California’s three largest utilities are working with the Public Utilities Fee to implement it. The implications to your monetary privateness are terrible, and make no mistake, that is additionally a beachhead for a wealth tax.