David Friedberg

So think about where this goes.

So think about where this goes.

So yes, that's a problem for rich people.

So yes, that's a problem for rich people.

Great.

Great.

No one gives a shit about us.

No one gives a shit about us.

No one gives a shit about people that have to sell highly valued private stock.

No one gives a shit about people that have to sell highly valued private stock.

But where does this go?

But where does this go?

In the proposed billionaire tax, it actually gives power and authority to the California state legislature that they can actually redo this wealth tax at a different level and a different rate in the future.

In the proposed billionaire tax, it actually gives power and authority to the California state legislature that they can actually redo this wealth tax at a different level and a different rate in the future.

Think about what that does.

Think about what that does.

It now gives property seizure rights to the California state legislature to set a value level.

It now gives property seizure rights to the California state legislature to set a value level.

So anyone now that's got over 100 million net worth, and then it becomes over 10 million, and then anyone with a million dollar net worth, and the state can take 5% of your assets every year.

So anyone now that's got over 100 million net worth, and then it becomes over 10 million, and then anyone with a million dollar net worth, and the state can take 5% of your assets every year.