David Sacks

He pulled a J. Cal.

I think you mean a sexy poo?

Well, yeah, but I was never a Starbucks liberal before I left the state of California.

Look, you may have seen an even more severe tax was proposed at the federal level where Bernie Sanders and I think Ro Khanna came out with their version of a national wealth tax where it wasn't just 5% once like in California, it was 5% per year.

Per year.

So in other words, in roughly 20 years, the federal government is going to take all of your money.

I mean, look, this is socialism.

This is another way to get to the same endpoint, which is the government owns everything.

One point on that.

So you mentioned that some of the unions in California are opposed to this asset seizure tax.

That's only because they weren't cut in on it.

So there's already rumors that the California Teachers Association is working on their own version of a billionaire asset seizure for not this election cycle, but for the next one.

And next time they're going to have their ducks in a row and they're going to have all the pigs at the trough and all the unions are going to get together.

Right.

Because the SEIU, UHW, they did this on their own.

So again, they didn't allow all the other groups to wet their beaks.

So unfortunately, I think that's going to be corrected.

If this one doesn't pass, they'll correct it for 28.

And it's more likely to pass because they're all going to do it.

And the other thing is that I think that by 28, this national wealth tax will just be