PBD Podcast Remember the Boston Tea Party? | PBD Podcast | EP 5
Aug 19, 2020
Explore the heated debate around California's proposed wealth tax and its historical echoes of the Boston Tea Party. The hosts critique the influence of political figures like Michelle Obama and the shifting dynamics within both major parties. There's a deep dive into labor regulations affecting rideshare costs and a call for business-savvy leaders in government. Discussions also link capitalism to personal freedom, tackling the dangers of excessive government control. Get insights on how political messaging shapes investment strategies ahead of the presidential election.
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California Wealth Tax Proposal
- California legislators propose a 0.4% wealth tax on individuals worth over $30 million.
- Additional taxes will retroactively apply for ten years, even after leaving the state.
The Boston Tea Party Parallel
- Joshua Feuerstein advocates for a flat tax, citing numerous ways Americans are taxed.
- He draws parallels to the Boston Tea Party, emphasizing the historical American aversion to unfair taxation.
Exodus of the Wealthy and Uber/Lyft
- Wealth taxes often lead to the wealthy leaving the taxing jurisdiction.
- Uber and Lyft may suspend services in California due to proposed employee reclassification and licensing.