The Center for Land Economics full report can be found here ; our op-ed on the same argument ran in the San Francisco Chronicle yesterday . Last week California certified a Billionaire Wealth Tax for the November ballot: a 5 percent one-time levy on the state’s billionaires, paid out over five years, to raise about $20 billion a year for health care, food aid, and schools after federal cuts. We understand the impulse. The state has a revenue hole, and billionaires can afford to help fill it. But the tax will fail at the thing it’s for, and it will fail for a simple reason: billionaires, unlike land, have feet. We just spent months building the empirical case, calculating the aggregate of California’s land values, in a new report from the Center for Land Economics . The short version: land is one of the biggest pools of wealth there is, California has more of it than almost anything else, and it cannot leave the state.…