EPISODE · Nov 5, 2025 · 13 MIN
California's $12B Billionaire Tax MELTDOWN: They're About to Flee
from News For Reasonable People · host Sean Reynolds
California just proposed a "one-time" 5% wealth tax on billionaires to cover $30 billion in federal funding cuts - because what could possibly go wrong? We break down how desperate California has become, targeting the very people who pay 40-50% of their taxes while ignoring the real spending problems like funding illegal immigrants and bloated bureaucracy.Meanwhile, we're seeing the same pattern play out in Seattle where Amazon is laying off 14,000 employees - with 88% of Washington state cuts happening in the city that taxes them the most. It's almost like there's a connection between anti-business policies and businesses leaving! We dive into how Mark Zuckerberg could face a $12 billion hit, Jensen Huang $8 billion, and why Jeff Bezos already showed us the playbook by moving to Florida.Is this just union-driven socialism in disguise? Will California's billionaires pull a Bezos and relocate faster than you can say "tax avoidance"? What happens when you drive away the golden geese?
What this episode covers
California just proposed a "one-time" 5% wealth tax on billionaires to cover $30 billion in federal funding cuts - because what could possibly go wrong? We break down how desperate California has become, targeting the very people who pay 40-50% of their taxes while ignoring the real spending problems like funding illegal immigrants and bloated bureaucracy.Meanwhile, we're seeing the same pattern play out in Seattle where Amazon is laying off 14,000 employees - with 88% of Washington state cuts happening in the city that taxes them the most. It's almost like there's a connection between anti-business policies and businesses leaving! We dive into how Mark Zuckerberg could face a $12 billion hit, Jensen Huang $8 billion, and why Jeff Bezos already showed us the playbook by moving to Florida.Is this just union-driven socialism in disguise? Will California's billionaires pull a Bezos and relocate faster than you can say "tax avoidance"? What happens when you drive away the golden geese?
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California's $12B Billionaire Tax MELTDOWN: They're About to Flee
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