David Sacks

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

a standard part of the Democratic platform.

Yeah, it's table stakes.

I think that, you know, the Bernie Sanders, Ro Khanna position will be the position of the Democratic Party.

And you even see Gavin Newsom creating wiggle room for himself to embrace this position.

If you look closely at his statements, formally opposing the BTA in California, what he says is that a state can't do this by themselves because they got 49 other states to compete with.

So what he's saying is that, you know, look, California is operating in a comparative environment.

One state can't do it.

And then he's leaving the other part elliptical, which is, well, the federal government needs to do this.

And I think that you can expect him to embrace that position by 2028.