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Podcast: News For Reasonable People
Episode: California’s $1 TRILLION Tax Disaster — Billionaires Are Running for the Exits
Description: California just watched $1 trillion in billionaire wealth vanish into thin air—and they're shocked that rich people don't actually love paying confiscatory taxes. Who could have seen this coming? The state's genius move: announce a retroactive 5% wealth tax on billionaires, give them zero time to react, and act surprised when Larry Page, Larry Ellison, and Peter Thiel head for the exits. Meanwhile, Gavin Newsom lectures about "fairness" from his $9.2 million mansion while promoting the exact policies driving productive citizens out of the state.Here's what the politicians won't tell you: when billionaires flee, the middle class and working families ge...