Once a 5% asset levy gets approved somewhere, don't expect it to stay limited. If California pushes through with it, you can bet other jurisdictions will follow suit—and your holdings could be next. The question isn't whether they'll try again; it's where they'll expand this next. Meanwhile, massive funding keeps flowing into childcare facilities, education centers, and healthcare operations that often run inefficiently. Someone's gotta foot the bill. Better start asking: is your portfolio really safe?