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Podcast: News For Reasonable People
Episode: California's $12B Billionaire Tax MELTDOWN: They're About to Flee
Description: California just proposed a "one-time" 5% wealth tax on billionaires to cover $30 billion in federal funding cuts - because what could possibly go wrong? We break down how desperate California has become, targeting the very people who pay 40-50% of their taxes while ignoring the real spending problems like funding illegal immigrants and bloated bureaucracy.Meanwhile, we're seeing the same pattern play out in Seattle where Amazon is laying off 14,000 employees - with 88% of Washington state cuts happening in the city that taxes them the most. It's almost like there's a connection between anti-business policies and businesses leaving! We dive...