David Friedberg

We'll be okay.

So we got a while.

So we got a while.

I see a lot of people that are ultra high net worth moving out of California right now and considering moving their companies right now because of this new billionaire tax act.

I see a lot of people that are ultra high net worth moving out of California right now and considering moving their companies right now because of this new billionaire tax act.

I don't know if you followed this, but there's a proposal right from this guy, Dave Regan, who's the head of the SEIU to do a one time 5% tax on anyone's net worth over a billion dollars.

I don't know if you followed this, but there's a proposal right from this guy, Dave Regan, who's the head of the SEIU to do a one time 5% tax on anyone's net worth over a billion dollars.

He's gathering signatures right now.

He's gathering signatures right now.

And he's doing it as a direct ballot measure.

And he's doing it as a direct ballot measure.

So you in California can propose an amendment to the Constitution as a ballot measure and you get 800,000 signatures and it ends up on the ballot.

So you in California can propose an amendment to the Constitution as a ballot measure and you get 800,000 signatures and it ends up on the ballot.

Seems like it'll be pretty popular.

Seems like it'll be pretty popular.

People will vote for it.

People will vote for it.

And now there's this thing called the Oligarch Tax Act in Congress to take 8% of the net worth of people over 50 million.

And now there's this thing called the Oligarch Tax Act in Congress to take 8% of the net worth of people over 50 million.

But it seems like they're already sort of coming down the ladder where they're saying, hey, the governments, in order to fund all of these social programs and...