EPISODE · Dec 2, 2025 · 25 MIN
California COOKED? Newsom’s Billionaire Wealth Tax Sparks Capital FLIGHT FEARS!
from News For Reasonable People · host Sean Reynolds
Here we go again – California's Gavin Newsom wants to impose a retroactive 5% wealth tax on billionaires, because apparently watching taxpayers flee at a rate of one per minute isn't fast enough. This brilliant plan targets the 220 most financially mobile people in the state, the same folks who can literally pack up and leave tomorrow – just like Jeff Bezos did when Washington State decided to squeeze him for a billion dollars.We break down the insanity of California's latest revenue grab, compare it to similar failed policies in Seattle and Chicago, and examine the real numbers: every 2 minutes, Texas and Florida each gain a new taxpayer while blue states hemorrhage residents. From $20 fast food wages eliminating 19,000 jobs to gas prices hitting $5.59 in Seattle versus $2.15 in red-state Oklahoma, the pattern is crystal clear.Do you think billionaires will just bend over and take it, or follow Bezos to Florida? How long before the last taxpayer turns off the lights in California? Hit subscribe if you're tired of watching politicians slit their own throats with virtue-signaling tax policies that drive away the very people funding their bloated budgets!
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California COOKED? Newsom’s Billionaire Wealth Tax Sparks Capital FLIGHT FEARS!
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