Tom Bilyeu

Is Elon being attacked for the stuff that he's doing in Iran?

I would not be surprised.

That is wild.

We'll find out.

We'll find out.

That's tinfoil hat.

But that is the algorithm running in my brain right now.

But let's talk about California and this billionaire tax.

Let's do it.

All right.

California is proving once again that it is hell bent on committing economic suicide.

And make no mistake, what we're about to talk about is exactly economic suicide.

California lawmakers have proposed a bill, the 2026 Billionaire Tax Act,

The act is best thought of as a confiscation of wealth.

It allows the government to outright steal 5% of the post-tax net worth of California residents and certain trusts.

if it's valued at a billion dollars or more.

It is absolute lunacy and proves yet again that lawmakers have absolutely no understanding of economics.

The bill aims to address funding shortfalls in healthcare, education, and food assistance programs amid anticipated federal and state budget cuts.

It targets approximately 200 to 250 billionaires in the state who collectively hold around $2 trillion in wealth.

Though recent estimates suggest this has dropped already to 1.3 trillion due to, because lo and behold, when you threaten to steal money from the most productive and mobile humans on earth, they get up and leave to avoid being stolen from.