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⚡️🇺🇸 NEW - David Sacks on California’s Billionaire Tax Act

“A wealth tax has been tried in many places at many times. It always backfires because whatever the tax benefit is that you get for the state, it's greatly outweighed by the economic depression that you get by the wealthy people, the job creators, the companies, leaving.”

https://blossom.primal.net/b34585dff269b5a9444c12cd53fbbccd62ab64f832847c8989213651293e7fa5.mp4

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gErAx 5d ago 💬 1

Thats such a lie, there are so many smart people that are more than willing to step up and innovate. Rich billionaires just wanna brainwash you

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Jerome Powell 21iQ 40TPW 5d ago

Yeah, they will in other states. You're assuming smart people don't understand basic economics.

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