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Podcast: News For Reasonable People
Episode: Billions Missing Under Newsom – But Tax Billionaires 5% Instead of Fixing Fraud
Description: California just can't account for $76.5 billion in spending according to a non-partisan state audit, but Governor Newsom's brilliant solution? Let's tax the billionaires 5% on everything over a billion! What could possibly go wrong? This audit exposes jaw-dropping dysfunction: $24 billion in homeless spending with zero tracking, $1.5 billion in fraudulent unemployment payments, 11% error rates on food assistance, and agencies so mismanaged they're flagged as "high-risk" for fraud and waste. But instead of fixing the dumpster fire, California's response is to blame Trump and chase away the last remaining wealthy residents who actually pay taxes. Sound familiar? It's the same playbook we're...