California’s Billionaires Are Leaving — $1 Trillion Gone
California UndergroundJanuary 20, 202600:23:15

California’s Billionaires Are Leaving — $1 Trillion Gone

Imagine $1 TRILLION in wealth fleeing California — all because of a proposed 5% "Billionaires Tax" on the 2026 ballot! In this video, we dive deep into the insane California Billionaires Tax Act that's gathering signatures right now. This one-time 5% wealth tax on billionaires (net worth $1B+) could raise ~$100B for healthcare and more... but at what cost? We're already seeing a massive exodus of tech billionaires, with estimates of $1 TRILLION in wealth gone — taking jobs, tax revenue, and economic growth with it!Chamath Palihapitiya warns: Half of California's billionaire wealth has already left, and the budget deficit will EXPLODE if this passes. Middle-class taxes could skyrocket to 20% to make up for it. Retroactive? Unconstitutional? Laffer Curve in action? We break it all down.We cover:The Medi-Cal bankruptcy caused by free healthcare for undocumented immigrants
Billionaires like Sergey Brin reincorporating out of state
Gavin Newsom secretly working to KILL this proposal (yes, really — for his 2028 presidential run?)
Kara Swisher's shocking "ungrateful" rant against fleeing billionaires
Why California doesn't "deserve" more from the rich — fraud, waste, $28B missing on homelessness, high-speed rail disasters
The real creators of jobs: These billionaires built 95K–136K California jobs!

This is classic collectivist thinking vs. economic reality. If billionaires keep leaving, who pays next? You?Timestamps:
00:00 - Intro: $1 Trillion Exodus from California
01:15 - What is the Billionaires Tax? (Link to explainer video)
02:30 - Medi-Cal Collapse & Budget Crisis
04:00 - Chamath Palihapitiya's Warning: $1T Gone!
06:45 - Retroactive Tax & Laffer Curve Explained
09:20 - Kara Swisher Calls Billionaires "Ungrateful"
12:10 - Government Waste, Fraud & Abuse in CA
15:00 - Gavin Newsom OPPOSES the Tax!
17:30 - Jobs Created by These Billionaires
19:45 - Frederick Bastiat Quote & Final ThoughtsWhat do YOU think? Will this tax pass? Is it already too late for California? Drop your thoughts below! Subscribe for more unfiltered California political news, insane policies, taxes, corruption & fraud exposed. Hit the bell — only 15% of viewers are subscribed... don't miss out!#California #BillionairesTax #WealthTax #CaliforniaExodus #GavinNewsom #ChamathPalihapitiya #MediCal #CaliforniaPolitics #TechBillionaires #LafferCurve



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