"Destroying Billionaires' Influence" - California Wealth Tax IGNITES Billionaire Backlash

Valuetainment • December 29, 2025 • Solo Episode

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California wants to tax billionaires 5% of their net worth, including unrealized gains, starting in 2026. The PBD Podcast breaks down the ballot initiative, union backing, why critics call it asset seizure, and how this policy could drive job creators and capital out of the state for good.

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