California Limitarianism: Capping Wealth at $10 Million

$4.5 trillion reclaimed and redistributed. The surplus wealth of the 1% benefiting the 99%

Benefits include:

  • One-time UBI of $115,000 per person or lifetime UBI of $4,615 annually ($385/month)

  • Universal healthcare

  • Free public education (PreK-PhD)

  • Provide Affordable Housing

  • Build one million affordable homes

  • Fully fund public housing agencies, community land trusts, housing cooperatives, mutual housing associations, tenant-controlled buildings.

  • Eliminate homelessness

  • Stabilize rent prices

  • Reduce Gentrification Pressures

  • Reduce corporate ownership (like BlackRock or Zillow buying entire neighborhoods).

  • Renovate old buildings, convert empty offices into homes, decarbonize housing.

  • Hoarding and Flipping would be curtailed if paired with Land Value Tax

  • Reduce Rent to 30% of Income

  • End Evictions due to lack of funds

  • No landlords exploiting market scarcity

  • Offer rent-free or income-based public housing—for everyone who needs it

  • Free Public Transit

  • Free Childcare & Eldercare

The Resulting Economic Reordering would include:

  • Big Landlords would lose properties beyond the 10M value

  • The Political Lobbying Power of the ultra-rich would drop sharply

  • Celebrity Capitalism and hyper-consumption would decline

  • Working class Californians would gain security

Current Reality

  • Median rent: ~$2,700/month

  • Long waiting lists for affordable housing

  • Eviction threats, rent hikes, gentrification

  • Landlords/investors own most units

Post Limitarian Reality

  • Public/co-op housing: $300–900/month (or free)

  • Rapid access to abundant, non-market housing

  • Secure tenure, fair rent, tenant power

  • Residents, co-ops, and state-owned housing stock

  • Housing becomes abundant, stable, and affordable.

  • Real estate stops being a casino for the rich.

  • Homelessness and housing insecurity eliminated