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E28: Current state of public & private markets, Archegos debacle, US debt issues, wealth tax & more
All-In with Chamath, Jason, Sacks & Friedberg
The Most Crazy Part of the California Wealth Tax
The wealth tax is a proposal to raise 22 billion dollars from the top 1% of Californians. Sax: It's going to lead to a decrease in tax revenue, because so many people are going to leave and take investment with them. The governor needs to come out right now and say, listen, like this is a bad idea, he says.
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