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Podcast: News For Reasonable People
Episode: California COOKED? Newsom’s Billionaire Wealth Tax Sparks Capital FLIGHT FEARS!
Description: Here we go again – California's Gavin Newsom wants to impose a retroactive 5% wealth tax on billionaires, because apparently watching taxpayers flee at a rate of one per minute isn't fast enough. This brilliant plan targets the 220 most financially mobile people in the state, the same folks who can literally pack up and leave tomorrow – just like Jeff Bezos did when Washington State decided to squeeze him for a billion dollars.We break down the insanity of California's latest revenue grab, compare it to similar failed policies in Seattle and Chicago, and examine the real numbers: every 2 minutes, Texas and Flor...