⚡️🇺🇸 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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Discussion

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

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

If you want a great recent example of this, look at Norway. Communists hate this one simple fact.

There are only a few billionaires in any given country. Why won't politicians call them and try to talk reason to them, and negotiate something beneficial for society? These guys should listen to reason.

cause politicians don't work for society

The amount of economic illiteracy in this country is getting scary at this point.

YouTube Link: https://www.youtube.com/watch?v=5QLnWPeDA_k

Invidious Link: https://inv.nadeko.net/watch?v=5QLnWPeDA_k

I have always said: TAX THE JEALOUS