Democrat Wealth tax BACKFIRES, Facebook IS COOKED, $27B LOSS IN CA | Tim Pool

/in /by



California’s proposed wealth tax would charge billionaires a one-time 5% of their net worth, and Meta just agreed to give Mark Zuckerberg a new class of shares he can sell to pay it, as long as he stays in California. That’s about $12.5 billion in Meta value, and Tim explains why shareholders’ retirement accounts end up footing the bill. Plus: only six billionaires are left in the state, and Tim shares his own experience fleeing high taxes.

0:00 California’s Wealth Tax Hits Meta
1:20 Zuckerberg’s Deal to Stay
3:50 Nobody Has a Billion Dollars in Cash
7:01 Billionaires Are Already Leaving
9:44 The Tax System Is Broken

#WealthTax #California #Timcast

SUBSCRIBE TO THE NEW SHOW – https://www.youtube.com/channel/UC-BbfaMLtfthVAtMq_zeZnA?sub_confirmation=1

BUY CAST BREW COFFEE TO FIGHT BACK – https://castbrew.com/
Join The Discord Server – https://timcast.com/join-us/Live Show – https://youtube.com/timcastirl
News – http://youtube.com/timcastnews
Daily Show – http://youtube.com/timcast
X – https://x.com/Timcast
Insta – http://instagram.com/timcast