Newsom's Billionaire Tax Math Doesn't Add Up
July 7, 2026
91,310
5,009
587
6.13%
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10:57Now PlayingNewsom's Billionaire Tax Math Doesn't Add Up
YouTube Description
as posted by the channelCalifornia wants to raise $100 billion through a new billionaire wealth tax, but is it really just 5%? Patrick Bet-David breaks down the numbers, explains why the effective cost may be much higher, and explores what the proposal could mean for billionaires, taxpayers, and the state's economy.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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