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"This Is SOVIET UNION Socialism" - California's Wealth Tax OFFICIALLY Hits The Ballot

2026-04-29 Entertainment
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Valuetainment
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Description

California’s new “billionaire tax” ballot measure slaps a one‑time 5% levy on residents worth $1B+, prompting Sergey Brin and other moguls to head for the exits as economists warn it will kill jobs, lose future tax revenue, and turn billionaires into political villains ------ ▶️ WATCH THE FULL PODCAST: https://www.youtube.com/watch?v=uEgyXpIaeb8 🦁 THE VAULT 2026: AUG 31ST TO SEPT 1ST: https://bit.ly/4mZdLhD ✍️ JOHN COCHRANE'S SUBSTACK: https://bit.ly/3P4CbcZ 📺 JOHN COCHRANE'S "GOODFELLOWS" VIDEO SERIES: https://bit.ly/3P4Cftf 📺 JEFF SNIDER'S EURODOLLAR UNIVERSITY: https://bit.ly/4i5uz3W Ⓜ️ MINNECT WITH JEFF SNIDER: https://bit.ly/4c27s9x Ⓜ️ MINNECT WITH BRANDON ACETO: https://bit.ly/4anHnR3 🦁 SPONSOR THE VAULT 2026: https://bit.ly/4mFBPpw Ⓜ️ CONNECT ON MINNECT: ⁠⁠https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj 🇰 KALSHI: ⁠http://kalshi.com/pbd⁠ 💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! SUBSCRIBE TO: ‪@VALUETAINMENT‬ ‪@ValuetainmentComedy‬ ‪@theunusualsuspectspodcast‬ ‪@HerTakePod‬ ‪@bizdocpodcast‬ ABOUT US: 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.

Top Comments (10)

@VonNoir 2026-04-29

So many people here in California are so brain dead they'll vote for it, get nailed by the taxes and say "It's the price we pay to live in the best state in the union". 🤦🏾‍♂

97 14 replies
@bigrob7458 2026-04-29

it passed because they were paying homeless people $5 - $10 to sign their name giving them the signatures for it to be on the ballot. Complete fraud.

79 4 replies
@pompuspig 2026-04-29

We've seen this time and time again. This always backfires.

50 3 replies
@tombrenemanMt 2026-04-29

SEIU says it all, they are just wanting to steal what you worked for.

35 2 replies
@lifeinflight7778 2026-04-29

Why not focus on the fraud instead and get that money back. That's billions start there.

31 2 replies
@TheIronHobo 2026-04-29

Why don’t these health care idiots go after insurance companies and big pharmaceutical for $$$? They are all tied together. No. We’re going after rich folks instead. Cowards!

24 2 replies
@InuGabari 2026-04-29

Wild that other states can support their public services with fractions of the tax revenue and with better results.

21
@centrum4-f3l 2026-04-29

Their going to use this to tax all of us

18 2 replies
@bodylanguageconsultant 2026-04-29

4 professors and the SEIU wrote this. Why does the health care union want this?

18
@lorigarza9971 2026-04-29

Little do these healthcare workers know that they will never see a dime of that money. The politicians will steal it for themselves and ither causes.

12

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