Jason Calacanis

And we know what it's already done in California because the Hoover Institution just published something this morning.

And it's a complete indictment of what the billionaire tax was trying to do.

And by the way, this billionaire tax is only polling

Right now, 25% of the votes it needs.

So maybe it'll find a way to get on the ballot.

And then even then, it'll have an uphill climb to get voted in.

But look at the destruction that it has done in California by just announcing it.

The Hoover Institution basically ran this Monte Carlo simulation.

They ran 100,000 runs.

And in 71% of those runs, it comes out with a negative NPV.

And if you expected value it out, it's about a $25 billion hole.

They also found that they overcounted the number of billionaires in California.

So that number was wrong.

They undercounted the amount of revenue that they pay.

So that was wrong.

And they overcounted the estimate of how much money that they would make.

So that was wrong.

So they're not good at math.

They're not good at math.

So when you add it all up, they thought they were going to make 100.