‘The Big Money Show’ panel discusses California’s proposed wealth tax, the potential financial influence and the exodus from blue states.
00:00 The Cost of California’s Wealth Tax
00:38 Historical Failure of Wealth Taxes
01:21 Data on Income Tax and Economic Decline
02:14 Gavin Newsom’s Stance and Political Strategy
03:09 The Impact on Future Billionaires
03:56 The "Playbook" for a National Wealth Tax
04:30 The American Dream vs. Socialism
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