Isn't that priced into the cost of wealth already through insurance? | Hacker News

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		nitrogen on Dec 19, 2020 \| parent \| context \| favorite \| on: California plan for wealth tax on anyone who spend... Isn't that priced into the cost of wealth already through insurance?

legolas2412 on Dec 20, 2020 [–]

Not at all. You rely on the law enforcement and the courts to hold your rights over property, not insurance companies.

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