"Destroying Billionaires' Influence" - California Wealth Tax IGNITES Billionaire Backlash
December 29, 2025
21 min
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1,469 of 2,106
December 29, 2025
"Destroying Billionaires' Influence" - California Wealth Tax IGNITES Billionaire Backlash
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21:17This episode"Destroying Billionaires' Influence" - California Wealth Tax IGNITES Billionaire Backlash
Summary
<p>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.</p>
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