Podcasts about Wealth tax

Today on The Editors, Rich, Charlie, MBD, and Dan discuss Vance's answer to accusations of antisemitism, Talarico's linking of capitalism to white supremacy, and California's wealth tax. Editor's Picks: Rich: Andrew McCarthy's piece, “Mamdani's Intifada” Charlie: Yuval Levin's piece, “Barking Up the Wrong Amendment” MBD: Dan Foster's piece from the September issue of the magazine, “Something is Going to Happen” Dan: Arthur Herman's piece about energy security as national security, “China Understands the New Energy War. Does America?” Light Items: Rich: Drove around an old beater car. Charlie: Watched the movie, Her. MBD: Enjoyed the beginning of the U.S. Open. Dan: Went to his first PTA meeting. Sponsors: VaerProfit from the Profit by David L. Bahnsen Catholic Charities This podcast was edited and produced by Lauren Elizabeth Veldhuizen. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Michael C. Shaver and Jack Haxton break down a run of local and national stories, starting with the Department of Homeland Security career expo that was relocated after Erie County Executive Mark Poloncarz pressured the Buffalo convention center to cancel it over ICE's involvement. The hosts argue the move cost area residents a shot at federal jobs with pensions, then turn to a proposed Drive Forward initiative that would steer first-time car theft offenders toward job training rather than prosecution, a idea they say rewards the wrong behavior in a region that already ranks near the top of the state for vehicle thefts. From there they cover Canada's renaming of Lake Ontario to Lake America and the reaction to it, Mamdani's reversal on a promised $10,000 bonus for New York City teacher's aides, and Abdul El-Sayed's proposed 7% annual wealth tax in his Michigan Senate run, which Haxton picks apart by pointing out that billionaire net worth sits in shareholdings rather than cash. The conversation closes with a look at how state tax policy shapes where businesses and pro athletes relocate, Joey Chestnut's 241-wing performance at Buffalo's Chicken Wing Fest, and upcoming Financial Guys seminars on tax and estate planning.00:00:00 - Welcome back!00:00:30 - DHS Career Expo Canceled in Buffalo00:04:30 - Drive Forward and Car Theft in WNY00:08:40 - Lake Ontario Becomes Lake America00:12:00 - Mamdani Backs Off Teacher's Aide Bonus00:16:54 - El-Sayed's 7% Wealth Tax Proposal00:21:00 - Tax Policy, Relocation, and Pro Sports00:22:56 - Joey Chestnut at Chicken Wing Fest00:24:00 - Upcoming Seminars and the TFG App

Why does tax expert Dan Neidle take Gabriel Zucman seriously as a thinker on inequality, but dismiss Gary Stevenson's warnings as populism? What did he uncover in Peter Mandelson's emails, and how did he expose Nadhim Zahawi's tax affairs? Can a wealth tax really raise the money Britain needs, or is it a seductive slogan that promises far more than it can deliver? Alastair Campbell and Rory Stewart are joined by tax expert Dan Neidle to answer all these questions and more. __________ Search IG.com to find out more and/or Look for IG in your app store. __________ Instagram: @restispolitics Twitter: @restispolitics Email: therestispolitics@goalhanger.com __________ Social Producer: Celine Charles Video Editor: Caroline Kaye Assistant Producer: Daisy Alston-Horne Senior Producer: Nicole Maslen General Manager: Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices

AI agents are going rogue — deleting bookings, sending unauthorized emails, and lying about it — and Blake and David trace the trend into the $3 trillion of off-balance-sheet AI commitments hiding in Big Tech's footnotes (and why accountants will get blamed when the bubble pops). They also recap what stood out at XeroCon 2026. Then Hoover Institution fellow Ben Jaros runs the real numbers on California's Prop 40 billionaire wealth tax — why the $100 billion estimate is closer to $40 billion, and whether taxing 200 people is even constitutional.SponsorsCanopy - http://accountingpodcast.promo/canopyThomson Reuters - http://accountingpodcast.promo/taxautomationOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - Welcome to The Accounting Podcast (03:00) - Rogue AI Agents Gone Wild (07:53) - Controlling Agent Permissions (12:08) - Microsoft AI Receivables Surge (14:49) - Three Trillion Off Book Commitments (17:09) - Meta Hyperion Lease Loopholes (21:33) - Bubble Risk and Circular Financing (28:24) - XeroCon Highlights and AI Agents (32:21) - Bank Reconciliation and Roadmap Gripes (34:10) - Conference Vaporware Rant (34:37) - Billionaire Tax Preview (36:33) - Prop 40 Basics (38:40) - Revenue Reality Check (42:44) - Residency Cutoff Drama (45:01) - Wealth Tax vs Income Tax (45:52) - One Time Or Not (46:34) - Healthcare Backfill Claims (51:42) - Better Ways To Tax (55:23) - Constitutional Challenges (58:01) - Why Voters Oppose It (01:02:09) - Trial Balloon And Wrap Up  Show NotesComing soon!Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds Flowglad - https://cal.com/team/flowglad/flowgladFearless Foundry - www.advisoryamplified.comExpense Bot - https://www.expensebot.ai/accountantProfitRoot - https://tryprofitroot.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.Original article: https://mises.org/mises-wire/wealth-tax-revival-repeating-failed-experiment

California is looking to impose a new wealth tax to fleece the state's billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.Original article: https://mises.org/mises-wire/wealth-tax-revival-repeating-failed-experiment

Abdul El-Sayed redirects Fox culture wars toward affordability, Mallory McMorrow challenges Third Way's anti-left crusade, and billionaires bankroll a California wealth-tax backlash.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Thank you Chris Sampson, Farmers AGAINST trump., Los Gatos Sin Madrid, Heather A Murphy, and many others for tuning into my live video! * Abdul El-Sayed Torches Jesse Watters and Exposes Fox News' Culture-War Game: Fox tried to define Abdul El-Sayed through culture-war attacks. He flipped the interview toward affordability, Medicare for All, corporate power and the everyday struggles of Michigan families. [More]* McMorrow Schools Third Way: Democrats Must Grow the Tent, Not Attack the Left: Mallory McMorrow calmly exposes why Third Way's $15M anti-DSA campaign weakens Democrats when voters need healthcare, housing, wages, and democracy [More]* Billionaire-Backed Groups Launch Ad Blitz Against California Wealth Tax: Google co-founder Sergey Brin and venture capitalist Peter Thiel are among the billionaires bankrolling ads against a proposed one-time tax on the wealthiest Californians. [More][WP-ROUTING]Site: PoliticsDoneRight.comCategory: KPFT ShowsTags: Abdul El-Sayed, Jesse Watters, Mallory McMorrow, Third Way, Democratic Socialists of America, DSA, Democratic Party, Fox News, Medicare for All, affordability crisis, Michigan politics, Michigan Senate, culture wars, working class, progressive politics, California wealth tax, Proposition 40, Sergey Brin, Peter Thiel, billionaires, wealth inequality, tax the rich, corporate power, economic justice, Politics Done Right, KPFT To hear more, visit egberto.substack.com

How much do you really want the value of your property to fall? Plenty of us say we want cheaper house prices, but do we really mean it? Once you own a house, you usually have mortgage on it. The less your house is worth, the less equity you have. Your net worth goes backwards. In New Zealand, half of the average household's wealth is land and property. That is now worth 1.9% less today than it was a year ago. Overall household wealth in this country has basically been flat for four years. That means we're not getting richer and it's because house prices have been soft. Is this what you want more of? This election there are parties planning to tax those assets. From capital gains to land taxes. That is likely to mean even lower prices. When this happens, we get a bit worried about our situation in life and we get gun-shy with the debit card. We stop buying stuff. We're less confident. The economy slows down as a result. Again, is this what we really want? Now I know what you're thinking, that's all fine unless you're trying to buy a house. Which is fair. Except that house prices are now the cheapest they've been in a decade. Cotality says the national house value has dropped to 6.7 times your income. In 2021, it was nearly 10 times your income. In Auckland, you can't sell an apartment or townhouse for love nor money. The question now is how low is too low? See omnystudio.com/listener for privacy information.

Abdul El-Sayed battles Jesse Watters on Fox, Stephanie Ruhle exposes an economy tilted toward the powerful, and billionaires spend big to defeat California's wealth tax.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Thank you Meg Grant, Jennifer, Vegan Cindy, Bobby K, and many others for tuning into my live video! * Cut Social Security? No—Tax the Rich: Ruhle Segment Exposes the Real Debt Problem: Stephanie Ruhle's economic discussion reveals the choice Washington hides: cut Social Security and Medicare—or demand more from those who benefited most from tax cuts.[More]* Abdul El-Sayed Torches Jesse Watters and Exposes Fox News' Culture-War Game: Fox tried to define Abdul El-Sayed through culture-war attacks. He flipped the interview toward affordability, Medicare for All, corporate power and the everyday struggles of Michigan families. [More]* Billionaire-Backed Groups Launch Ad Blitz Against California Wealth Tax: Google co-founder Sergey Brin and venture capitalist Peter Thiel are among the billionaires bankrolling ads against a proposed one-time tax on the wealthiest Californians. [More][WP-ROUTING]Site: PoliticsDoneRight.comCategory: Coffee Party ShowsTags: Abdul El-Sayed, Jesse Watters, Fox News, Stephanie Ruhle, California Wealth Tax, Proposition 40, Sergey Brin, Peter Thiel, Billionaires, Wealth Inequality, Economic Inequality, Medicare for All, Tax the Rich, Wall Street, Working Class, Economic Populism, Corporate Power, Oligarchy, Progressive Politics, Politics Done Right, KPFT 90.1 FM, California Politics, Wealth Tax, Economic Justice To hear more, visit egberto.substack.com

Ryan and Emily talk to Jose Luis Granada Ceja of Drop Site News about a potential MAGA linked assassination attempt in Bolivia, then they look at James O'Keefe let off the hook in a lawsuit over his 2016 video expose, and Gabriel Zucman joins to explain the benefits of a Wealth Tax and why Silicon Valley is freaking out. Jose Luis Granada Ceja: https://x.com/GranadosCeja Gabriel Zucman: https://gzucman.substack.com/ To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: https://breakingpoints.locals.com/support Merch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.

Veronique de Rugy critiques California Representative Ro Khanna's proposal for a "one-time" 5% wealth tax on billionaires. De Rugy explains that several different European countries largely abandoned wealth taxes because they are administratively difficult, generate little revenue, and cause severe economic distortions. Highlighting a debate between Khanna and Mark Cuban, she details how taxing paper wealth completely ignores true liquidity, forcing entrepreneurs to sell shares of private companies or borrow against volatile collateral. De Rugy warns that wealth taxes inevitably expand to target middle-class citizens, ultimately costing states far more in lost income taxes than they retrieve from the wealthy. (5)

Discussing this week's news -- taxpayer-funded political campaigns, students learning about social justice from a rabid anti-Israel activist, DEI in college admissions, and Newsom's enthusiasm for new automobile tire regulations -- David concludes with a general principle: “In public policy, every reductio ad absurdum eventually becomes an absurdum.” Bonus: Hoover Institute economist Benjamin Jaros offers his latest battlefield assessment of California's wealth tax. Music by Metalachi. Email Us:dbahnsen@thebahnsengroup.comwill@calpolicycenter.org Follow Us:@DavidBahnsen@WillSwaim@TheRadioFreeCA Show Notes: Karen Bass ripped after viral video lays out taxpayer-funded match of campaign donations Outraged Palo Alto High parents sue school district over mosque field trip Mission High leads California schools in UC Berkeley admissions. But many don't graduate Gov. Newsom supports California regulators' approval of new replacement tire rules Los Angeles Should Follow San Francisco's Path to Recovery — Says Man Who Helped Set Back Both Xavier Becerra floats bizarre plan to slash Californians' utility bills Xavier Becerra's high-speed rail solution appears to be “sue and hope” Hoover Institution's Ben Jaros on the Billionaire Wealth Tax  Benjamin Jaros bio Misdiagnosing California's Fiscal Crisis Don Newsom Refuses an Offer A powerful union, the billionaire tax and an alleged bargaining chip This week's advertising sponsor: California Center for Nonprofit Law NPOlawyers.com boardtrainingprinciples.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Proposition 40, a proposed wealth tax in California, has sparked heated debate among investors, tech founders, and billionaires. Venture capitalist Ben Narasin argues that the tax and the solutions put forward by politicians including Rep. Ro Khanna (D-CA) would harm the businesses that drive a large portion of America's economy. Teletherapy platform Talkspace is betting that AI can do more good than harm in mental healthcare. CEO Dr. Jon Cohen explains how therapists and patients are using AI in and outside of traditional therapy. Plus, Joe Kernen and Andrew Ross Sorkin discuss the latest on bitcoin's boom, Treasury Secretary Scott Bessent's debt buyback plan, and Anthropic executives expect an IPO the same size or larger than SpaceX's.   Ben Narasin - 15:31 Dr. Jon Cohen - 28:42   In this episode: Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Should Britain tax wealth more heavily? With the government under pressure to find billions for public services and defence, Andy Burnham has refused to rule out a wealth tax. But would taxing the richest households actually raise significant money, or drive wealth, investment and entrepreneurs out of the country?On The Fourcast, Matt Frei is joined by Gabriel Zucman, economist and author of 'We Need to Tax Billionaires' and economist Arthur Laffer, creator of the Laffer Curve.So how unequal is Britain? Has wealth become undertaxed compared with income? And if Britain doesn't tax the richest more, where else should the government find the money?

Nic Carter, general partner at Castle Island Ventures, joins Karol Markowicz to discuss artificial intelligence, the future of work, Bitcoin and crypto, venture capital, Operation Choke Point 2.0 and why he believes money and businesses will increasingly flee blue states for red states. Carter explains his unconventional journey from aspiring journalist to becoming obsessed with Bitcoin, working at Fidelity and ultimately co-founding a venture capital firm focused on blockchain, crypto and financial technology. With AI rapidly transforming white-collar work, what should young people do to prepare? Carter explains why his old advice — prove yourself by writing something great — no longer works the way it once did. Instead, he argues that becoming highly skilled at using AI could provide a major career advantage, while warning that people shouldn't allow artificial intelligence to replace their own critical thinking and cognitive skills. Carter also tells the story behind Operation Choke Point 2.0, the term he coined while investigating what he describes as the Biden administration's debanking of legal crypto companies. His reporting eventually became part of the national political conversation and was embraced by Donald Trump. Finally, Carter makes a major five-year prediction: capital, businesses and productive workers will increasingly migrate from blue states to red states such as Florida and Texas. He explains why taxes, regulation and potential wealth taxes could accelerate that shift — and why once powerful economic network effects begin to break, the exodus could happen quickly. Plus, Carter shares why personal relationships will remain valuable in an AI-driven economy, how X helped build his career and professional network, and his advice for avoiding lifestyle inflation and the pressure to impress other successful people.See omnystudio.com/listener for privacy information.

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALESign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=socialWhat's up, everybody? Today, I've got an episode I cannot wait for you to dig into. I'm sitting down with the brilliant Dr. Abdul El-Sayed—physician, public health expert, and a powerful voice shaking up the conversation on American healthcare, economic justice, and what it really takes to serve the middle class. You've seen him in the headlines, but today we're diving deep: how do we actually build a system where people thrive, not just survive?Abdul brings firsthand experience from the frontlines of medicine and politics, and he isn't afraid to challenge the status quo. We go head-to-head on the practical impact of Medicare for All, the real solution to out-of-control healthcare costs, and what it takes to get money out of politics for good. If you care about your family's future, if you're worried about making ends meet, or if you just want to arm yourself with real knowledge—this episode is for you. You're going to walk away with a blueprint for understanding and navigating the current chaos, and real action steps to protect yourself and your loved ones.And as always, if you find this valuable, drop a review and share it with someone who needs it—so we can keep unlocking human potential together. I'm Tom Bilyeu, and welcome to Impact Theory.Sponsors: Cash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Surfshark: Go to https://surfshark.com/TOMB or use code TOMB at checkout to get 4 extra months of Surfshark! ATT Business: Switch to AT&T Business at business.att.comHorizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Quo: Try for free PLUS get 20% off your first 6 months at https://quo.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impactKetone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

**The Billionaire Tax: A Recipe for Disaster in California**Imagine a state where the wealthy elite are being targeted with a new tax that could drive them out of the state, but at what cost? This episode of the Accountability Podcast delves into the world of Proposition 40, a ballot initiative that aims to tax billionaires with a one-time wealth tax. But is this proposal a solution to California's budget woes, or a recipe for disaster?The conversation gets heated as the speaker discusses the potential consequences of this tax, including the loss of jobs, the destabilization of the state economy, and the pitting of unions against each other. The guest, Dave Reagan, president of SEIU United Healthcare West, argues that the tax is necessary to solve the state's healthcare crisis, but the speaker is skeptical, pointing out the flaws in the proposal and the potential for billionaires to simply leave the state.As the discussion unfolds, the speaker raises important questions about the constitutionality of the tax, the potential for billionaires to challenge residency, and the impact on the state's economy. The conversation also touches on the role of Gavin Newsom in the proposal and the potential for a national wealth tax.If you're interested in learning more about the billionaire tax and its potential consequences, tune in to this episode of the Accountability Podcast to hear the full conversation.See omnystudio.com/listener for privacy information.

Guest Phil Kerpen, American Commitment, joins to discuss the lowering of drug prices in the nation. Discussion of the lack of action from Congress on major healthcare reform, "cuts" in medicaid reimbursements, and more. Is the "Trump RX" helping create more comptition in the market to lower prices?  DNC holds meeting in Texas over the weekend, are they ready for midterm elections? Ro Khanna celebrates California push for wealth tax, while more people continue to move out of the state. What happens when businesses finally leave the state? The Voice of Reason is a nationally syndicated talk radio show based out of Wichita, KS. Find more online at HooserReason.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

**The Billionaire Tax: A Recipe for Disaster in California**Imagine a state where the wealthy elite are being targeted with a new tax that could drive them out of the state, but at what cost? This episode of the Accountability Podcast delves into the world of Proposition 40, a ballot initiative that aims to tax billionaires with a one-time wealth tax. But is this proposal a solution to California's budget woes, or a recipe for disaster?The conversation gets heated as the speaker discusses the potential consequences of this tax, including the loss of jobs, the destabilization of the state economy, and the pitting of unions against each other. The guest, Dave Reagan, president of SEIU United Healthcare West, argues that the tax is necessary to solve the state's healthcare crisis, but the speaker is skeptical, pointing out the flaws in the proposal and the potential for billionaires to simply leave the state.As the discussion unfolds, the speaker raises important questions about the constitutionality of the tax, the potential for billionaires to challenge residency, and the impact on the state's economy. The conversation also touches on the role of Gavin Newsom in the proposal and the potential for a national wealth tax.If you're interested in learning more about the billionaire tax and its potential consequences, tune in to this episode of the Accountability Podcast to hear the full conversation.See omnystudio.com/listener for privacy information.

New Zealand's Golden Visa program is structured to attract high net worth individuals and families to relocate to this stable, safe and civil South Pacific island nation. The Active Investor Plus Visa has two categories - Growth and Balanced and require an investment of NZ$ 5 million and NZ$ 10 million respectively. And home purchase for properties valued at NZ$ 5 million are also permitted.

Shane and Kody Sherlund are back for episode 199, one away from a big milestone, with a packed slate covering tax policy, tech layoffs, opportunity zones, private fund pitfalls, and California's groundbreaking wealth tax. They kick off with the IRS issuing proposed regulations on employer contributions to Trump accounts, what Section 530a actually means, and where these accounts fit in the order of operations next to a 529. Then it's on to the latest wave of tech layoffs at Google, TikTok, Etsy, and Zillow, whether AI is really the culprit nobody wants to name, and why creative destruction has always worked this way. They also cover Opportunity Zone 2.0 and deferring 2026 capital gains into 2027, the Wall Street Journal's warning that private funds come with big tax bills most people aren't factoring in, and California's new wealth tax, which saw only six billionaires leave but take $27 billion in potential revenue with them. They close with the most common question on the internet: " Do I need an LLC?" Topics covered: IRS proposed regulations on Trump accounts and employer contributions Section 530a explained and where it fits next to a 529 Tech layoffs at Google, TikTok, Etsy, and Zillow, and the AI elephant in the room The golden era of AI-enabled solopreneurs and creative destruction Opportunity Zone 2.0 and deferring 2026 capital gains into 2027 Private funds come with big tax bills, and most investors are not factoring in California's wealth tax: six billionaires left and took $27 billion with them State clawbacks and what Anthropic employees moving out of California need to know Do I need an LLC? Yes, and here is why Timestamps: 00:00 Intro, England jerseys, Brighton FC, and Wonderwall at Minnesota MLS games 05:30 IRS proposed regulations on employer contributions to Trump accounts 09:00 Section 530a explained and non-discrimination rules 11:00 Tech layoffs at Google, TikTok, Etsy, and Zillow, and the AI factor 14:30 The golden era of AI-enabled solopreneurs and creative destruction 20:00 Opportunity Zone 2.0 and deferring 2026 capital gains into 2027 26:30 Private funds come with big tax bills; most investors are not factoring in 31:30 California's wealth tax and who actually left 35:00 State clawbacks and what equity comp employees moving out of California need to know 38:00 Reddit: Do I need an LLC? Yes, and here is why

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Chris argues that proposals to tax wealth—not just income—would amount to government confiscation of private assets. He questions the practicality of a yearly wealth tax, warns it could force business owners to sell family companies and farms to pay the bill, and contends that Washington should address wasteful spending before demanding more revenue. He also challenges the philosophical case for wealth taxes, arguing they punish investment, entrepreneurship, and long-term wealth creation.

This week's show features stories from Radio Deutsche-Welle, France 24, Radio Havana Cuba, and NHK World Radio Japan. http://youthspeaksout.net/swr260814.mp3 (29:00) From GERMANY- There is a movement in the UK to impose an annual 2 percent wealth tax on families with more than 10 million pounds in assets. Stephen Kinsella is a former EU antitrust lawyer and a founding member of Patriotic Millionaires UK. The report talks about the level of poverty in the UK and how a the tax would be a huge boost to social services and not actually cause a loss of assets for the wealthiest- who would never be able to spend all their money in the lifetimes anyway. From FRANCE- Greenland issued a warning to a US oil company to not drill on its territory after they already unloaded drilling equipment onshore. The Texas based company connected to Donald Trump had purchased the rights from a UK company called 80 Mile- they had obtained the drilling license before the Greenland government stopped issuing them in 2021. In an interview with Lukas Wahden from George Washington University, Trumps motives in Greenland are also discussed. The new right-wing Colombian president Abelardo Gabriel de la Espriella was sworn in, promising a crackdown on armed cocaine producing guerrillas with the assistance of the US and Israeli militaries. From CUBA- The new Colombian president Abelardo de la Espriella has joined the US as the only two countries recognizing Israeli sovereignty over the occupied Golan Heights, a Syrian territory. A retired Israeli General says Gaza should remain destroyed for generations, and that Israel should retain the Yellow Line which marks the military territory. China has called on the US not to slander relations between countries, and reiterated its support of Cuban self-defense. From JAPAN- The Japanese PM spoke with the Iranian president on the Hormuz situation and the Houthi vessel attacks in Yemen. Trump wrote an executive order placing a new 15 percent tariff on polysilicon products such as solar panels. Ukraine continues to attack oil refineries in Russia with subsequent unburned carbon pouring into the atmosphere, along with human collateral deaths. Available in 3 forms- (new) HIGHEST QUALITY (160kb)(33MB), broadcast quality (13MB), and quickdownload or streaming form (6MB) (28:59) Links at outfarpress.com/shortwave.shtml PODCAST!!!- https://feed.podbean.com/outFarpress/feed.xml (160kb Highest Quality) Website Page- < http://www.outfarpress.com/shortwave.shtml ¡FurthuR! Dan Roberts "Because we cannot save ourselves without contesting oligarchic control, the fight for democracy and justice and the fight against environmental breakdown are one and the same. Do not allow those who have caused this crisis to define the limits of political action. Do not allow those whose magical thinking got us into this mess to tell us what can and cannot be done." --George Monbiot Dan Roberts Shortwave Report- www.outfarpress.com YouthSpeaksOut!- www.youthspeaksout.net

In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau debunk dominant economic orthodoxies surrounding wealth taxes as a quick-fix silver bullet for inequality, expose how central bank policies and globalisation are stripping nation-states of their democratic sovereignty, and reveal the grim economic stagnation, debt, and regulatory traps awaiting the UK should it attempt to rejoin the European Union. Hosted on Acast. See acast.com/privacy for more information.

It's a tax special! We're dropping our normal format for the month of August to bring you a series of deep-dives.Joining Carys is Aditya Chakrabortty. Aditya is a Guardian columnist and the Guardian's senior economics commentator.Support us on ⁠⁠www.patreon.com/OverTheTopUnderTheRadar⁠⁠ ⁠⁠⁠⁠⁠⁠⁠- get bonus episodes, a weekly newsletter and become a part of our members-only WhatsApp community.Email us at ⁠⁠⁠⁠⁠⁠⁠info@overunderpod.com⁠⁠⁠⁠⁠⁠⁠Sign up to the newsletter at ⁠⁠⁠⁠⁠⁠⁠⁠⁠http://www.overunderpod.com⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Follow us on all socials @‌over_under_pod_Links:https://www.theguardian.com/commentisfree/2025/nov/20/wealth-tax-left-super-rich-britain-budget-2025https://www.theguardian.com/football/video/2026/jul/23/gary-lineker-urges-burnham-to-make-millionaires-pay-wealth-tax-the-latest

Today on AirTalk: Late homeownership (0:30) The history of marriage (26:54) CA's wealth tax (51:04) Do dogs belong in restaurants? (1:05:35) TV Talk (1:23:53) Visit www.preppi.com/LAist to receive a FREE Preppi Emergency Kit (with any purchase over $100) and be prepared for the next wildfire, earthquake or emergency.

It is a bold vision for a new economic order: The "Global Justice Report", led by star-economist Thomas Piketty, models a global economy that could reconcile planetary boundaries and prosperity for all by 2100. How is it done? By taxing the ultra rich and transferring their shareholder power towards a World Sovereign Fund, a democratic body redirecting investment toward public and sustainable global goods. Thomas Piketty joins Dissens to talk about the report and how socialists can win the battle for the hearts and minds in times of an ultra-nationalist regression.

The recurring theme of this episode is Burnham's pledge to fix social care in the UK. We discuss how it can be funded including the implications of a wealth tax & others, plus the significance of immigrant workers. Chris and panel (below) debate how these factors impact across the board in British politics, including whether Farage and Reform are on the decline…Guests:Writer, broadcaster, and columnist Christina Patterson, Managing Editor and Deputy Editorial Director of the Institute of Economic Affairs Daniel Freeman, and Member of Labour's National Executive Committee Jess Barnard.Chapters00:00 Introduction to UK Political Climate03:43 Party Fractures and Membership Engagement09:03 Media Attacks and Public Perception of Burnham12:45 Policy Impact and Public Support for Burnham17:01 Policy Proposals and Funding Strategies20:24 Wealth Tax and Property Valuation Challenges24:43 International Taxation and Mobility of Wealth27:27 Public Perception of Social Care and Wastage28:49 Nigel Farage's Decline and Party Dynamics30:43 Brexit, Immigration, and Public Sentiment32:53 Reform Party Influence and Electoral Impact34:35 Perception of Outsiders and Political Messaging36:12 Media Narratives and Political Communication37:52 Potential for Snap Elections and Political Stability38:58 Immigration, Border Control, and Public Opinion42:00 Migration, Economy, and International Role44:48 Balancing Immigration and Domestic Employment53:23 Youth Employment, Education, and Infrastructure55:13 The Human Side of Immigration and Social Policy56:25 Concluding Remarks and Future Outlook'I Hit The Nail Right On The Head' by Billy Bremner. © Fridens liljor/Micke Finell.Rock around the clock productions AB.www.rockaroundtheclock.co This episode was produced by Sound SapienSoundsapien.com

Patrick Bet-David and the Home Team debate Mamdani's proposed tax on $5 million second homes, Bernie Sanders' minimum-wage argument and AOC's growing power. As socialism gains favor among Democrats, could higher taxes drive wealth out of New York and destroy the party's chances nationally come 2028?

Louis is joined in the Spotify studio by author, YouTuber and inequality economist Gary Stevenson. Gary tells Louis about growing up in a Mormon family, his disagreement with Rory Stewart, and why he thinks a wealth tax could solve financial inequality.  Please note this episode was recorded before Gary announced he was stepping back from his YouTube channel.    Warnings: Strong language.     Links/Attachments:    Documentary: How to Get Filthy Rich with Gary Stevenson (2026) - Channel 4  https://www.channel4.com/programmes/how-to-get-filthy-rich-with-gary-stevenson     Book: The Trading Game, Gary Stevenson (2024)   https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9781802062731    Podcast: The Rest is Politics: 144. Gary Stevenson: From Teenage Drug Dealer to Millionaire Trader (2025)  https://open.spotify.com/episode/5vfmQmoA9frvGh5aRQvZLi     Book: Politics on the Edge, Rory Stewart (2024)  https://www.penguin.co.uk/books/442034/politics-on-the-edge-by-stewart-rory/9781529922868     TV Show: That Mitchell and Webb Look (2006-2010) - Channel 4  https://www.youtube.com/watch?v=h242eDB84zY     Video: “I'm QUITTING!" Gary Stevenson vs Piers Morgan On Wealth, Economic Growth & Elon Musk (2026) - YouTube  https://www.youtube.com/watch?v=CLmFZBB3Apw     Article: Gary Stevenson may have been Citi's most profitable trader… in developed market foreign exchange (2026) - Financial Times  https://www.ft.com/content/5c48b680-daf6-40d2-9522-ad997eb07b63     Video: How COVID-19 MAKES the Rich Richer - Gary EXPLAINS the theory (2020)  https://www.youtube.com/watch?v=EiblHqbpXHs     Article: The Sunday Times Rich List (2026)  https://www.thetimes.com/sunday-times-rich-list     Play: Poet In Da Corner, Debris Stevenson (2018)  https://open.spotify.com/album/2QDC46EK9W1ndEyFbFkabH     Play: My Brother's a Genius, Debris Stevenson (2026)  https://www.nyt.org.uk/get-tickets/my-brothers-a-genius-london       Credits:  Producer: Tom Fuller  Researcher: Beth Johnstone  Senior Assistant Producer: Maisie Williams  Audio Mixer: Tom Guest  Video Mixer: Alfie Butler  Production Manager: Francesca Bassett   Music: Miguel D'Oliveira   Series Producer: Millie Chu  Executive Producer: Arron Fellows       A Mindhouse Studios Production for Spotify   www.mindhouse.co.uk     Learn more about your ad choices. Visit podcastchoices.com/adchoices

Paddy Duffy and Elaine Burke join The Last Word to run through the week's trending stories including Elon Musk's pledge to create a ‘historically accurate' AI version of The Odyssey. They also discuss the announcement that the famous fashion house Dior, which is led by Derry-born designer Jonathan Anderson, will hold its Fall/Winter 2027 runway show in Trinity College Dublin and how some UK millionaires are urging Andy Burnham to introduce a wealth tax.Catch the full chat by pressing the ‘Play' button on this page!

Millionaires including former footballer Gary Lineker are asking Andy Burnham to tax their wealth more. More than 100 wealthy Brits have signed an open letter to the prime minister, saying: ‘We want you to tax us. We can afford it.' So should the government introduce a wealth tax? And why is the idea getting more popular? Nosheen Iqbal speaks to columnist and senior economics commentator Aditya Chakrabortty – watch on YouTube. Help support our independent journalism at theguardian.com/infocus

Can California successfully tax billionaire wealth, or will the wealth simply leave? In today's episode of The Valley Current®, host Jack Russo examines California's proposed Proposition 40, the 2026 Billionaire Tax Act, and the legal, economic, and practical questions surrounding a one-time 5% tax on fortunes exceeding $1 billion. The discussion goes far beyond politics, exploring the realities of taxing highly mobile capital in an era of private jets, multi-state residency, and sophisticated tax planning. Jack unpacks the proposal's legal hurdles, the challenge of valuing private assets, and the growing battle between state tax enforcement and taxpayer mobility. Will the measure generate billions for healthcare and social services, or could it accelerate the departure of California's wealthiest residents? Proposition 40 could become the defining test of whether governments or global capital have the final say. Jack Russo Managing Partner Jrusso@computerlaw.com www.computerlaw.com https://www.linkedin.com/in/jackrusso "Every Entrepreneur Imagines a Better World"®️  

As seen on Gutfeld! Guest Host Joe Machi talks about the truth behind Ro Khanna's billionaire tax. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What impact would a 2% wealth tax on people with £10 million have? If you tax the rich more will it bring down the cost of living for everyone else? How will this help the shortfall of affordable homes? What about the North South divide? Will it reduce the one million NEETs the country has? Will it grow the economy?  Inequality economist Gary Stevenson is back to tell us why taxing millionaires is the way to make things fairer. Robert and Steph have a lively debate about whether wealth taxes are enough. The Rest is Money is brought to you by Octopus Energy, Britain's smart energy pioneer. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠the⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Advertise with us: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Partnerships@goalhanger.com⁠ For more Goalhanger Podcasts, head to ⁠www.goalhanger.com⁠ Video Editor: Dylan Bonham Producer: Isabelle Bougeard Exec Producers: Chris Sawyer and Tom Whiter Learn more about your ad choices. Visit podcastchoices.com/adchoices

"Where are the refugees of capitalism?"

In a scathing critique, the speaker takes aim at a proposed wealth tax, arguing that it's a misguided attempt to redistribute wealth and will ultimately harm the very people it's supposed to help. This episode delves into the flaws of the wealth tax, from its unrealistic expectations to its devastating consequences on small business owners and individuals.The speaker makes a compelling case against the wealth tax, pointing out that it's a tax on unrealized gains, which means that people will be taxed on the value of their assets, even if they never sell them. This leads to a situation where people are essentially being taxed for owning something, rather than for doing something. The speaker also highlights the administrative costs associated with implementing such a tax, which would be astronomical, and the potential for capital flight as wealthy individuals and businesses take their assets elsewhere.The discussion also touches on the history of wealth taxes in other countries, where they've been met with disappointing revenue and significant administrative costs. The speaker notes that even Norway, which has a wealth tax, saw a significant exodus of wealthy individuals after increasing the tax rate. The conversation also explores the constitutional implications of a wealth tax, with the speaker arguing that it would be a direct tax, which would require apportionment among the states by population.If you're interested in learning more about the flaws of the wealth tax and why it's a bad idea, tune in to this episode to hear the speaker's in-depth analysis and arguments against this proposed tax.See omnystudio.com/listener for privacy information.

51:23- Daniel Hoffman, Ret. CIA Senior Clandestine Services Officer and a Fox News Contributor Topic: Iran's threats against President Trump 1:10:20- Congressman Steve Scalise, Republican representing Louisiana's 1st district and the House Majority Leader Topic: Rise of Democratic Socialism; SAVE America Act; Remembering Lindsey Graham 1:24:02- David Fischer, CEO of Landmark Capital Topic: U.S. Treasury Report about AI; Wealth Tax; Gold and Silver news 1:35:35- Councilwoman Inna Vernikov, Minority Whip of the New York City Council representing the 48th District Topic: Migrant shelter 1:47:55- Alan Dershowitz, Harvard Law Professor Emeritus, host of "The DerShow," and the author of the new book "Founding Fathers and One Jewish Mother" Topic: President Trump's birthright citizenship fight comes roaring back 2:00:13- Dr. Michael Youssef, host of "Leading the Way with Dr. Michael Youssef" Weekdays at 5:30 pm and Saturdays at 4 am on AM 570 The Mission/WMCA Topic: Latest in the Iran conflict; Mayor Mamdani's socialist politics and the damage it is doing to NYC 2:10:40- Christina Farrell, Commissioner of the NYC Office of Emergency Management Topic: Extreme heat tomorrow and WednesdaySee omnystudio.com/listener for privacy information.

In the United States, elections hold our representatives accountable. But voters get a limited slate of options—and significant economic redistribution is usually excluded from the ballot. Meanwhile, economic inequality in the United States is growing to record levels, and many wealthy Americans are paying a lower effective tax rate than most of their fellow citizens. Jeffrey Winters joins host Alex Lovit to discuss American oligarchy, how it distorts our democracy, and what we can do about it. Jeffrey Winters is a professor of political science and director of the Equality Development and Globalization Studies program at Northwestern University. He is the author of several books about oligarchy, wealth, and democracy, most recently The Blind Spot: How Oligarchs Dominate Our Democracies. https://www.simonandschuster.com/books/The-Blind-Spot/Jeffrey-Winters/9781668221532 Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're talking about new taxes for D.C. residents, the politics of our fountains, and whether Rock Creek Tennis Center is going to be the next local park that gets a controversial Trump-era glow-up. Plus in a members-only fourth segment: DC is finally about to have its debate about Waymo, and we'll get into the contours. Want some more DC news? Then make sure to⁠ sign up⁠ for our morning newsletter City Cast DC. You can text us or leave a voicemail at: ⁠(202) 642-2654⁠. You can⁠ also become a member⁠, with ad-free listening, for as little as $10 a month.  Learn more about the sponsors of this July 10th episode: ⁠Library of Congress⁠ ⁠Alliance Française Washington DC⁠ Interested in advertising with City Cast? Find more info⁠ HERE⁠.

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Chris argues that proposals to tax wealth—not just income—would amount to government confiscation of private assets. He questions the practicality of a yearly wealth tax, warns it could force business owners to sell family companies and farms to pay the bill, and contends that Washington should address wasteful spending before demanding more revenue. He also challenges the philosophical case for wealth taxes, arguing they punish investment, entrepreneurship, and long-term wealth creation.

Gavin Newsom has reversed course, moving from skepticism over California's wealth tax to publicly supporting a national version. Patrick Bet-David and the panel debate whether Newsom caved to the Democratic Party's progressive wing and what higher taxes could mean for top earners and the U.S. economy.

Gavin Newsom has reversed course, moving from skepticism over California's wealth tax to publicly supporting a national version. Patrick Bet-David and the panel debate whether Newsom caved to the Democratic Party's progressive wing and what higher taxes could mean for top earners and the U.S. economy.

Air Date: 6/27/2026 Today we trace how one man went from receiving a $278 million government grant to becoming the world's first trillionaire who spent .025% of his wealth to get Trump elected, then used his position to slash programs that help people while stoking race riots overseas. Full Show Notes Transcript Be part of the show! Leave a voice message, message us on Signal at the handle bestoftheleft.01, or email Jay@BestOfTheLeft.com BestOfTheLeft.com/Support (Members Get Bonus Shows + No Ads!) Use our links to shop Bookshop.org and Libro.fm for a non-evil book and audiobook purchasing experience! Join our Discord community! TOP TAKES KP 1: 'Billionaire CRISIS': How the Country's Wealthiest Are 'bankrolling' U.S. Politics - MS NOW - Air Date 5-27-26 KP 2: We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You're Holding the Bag. - More Perfect Union - Air Date 5-27-26 KP 3: Trump DOGE Cuts Caused 600,000 Deaths This Year, Fmr. USAID Official Says - The Last Word with Lawrence O'Donnell - Air Date 11-24-25 KP 4: Everything Is Falling Apart and Americans Aren't Happy About It - Takes™ by Jamelle Bouie - Air Date 6-16-26 KP 5: Elon Musk Celebrates Trillionaire Status by Stoking Racist Terrorism in Belfast! - I Doubt It Podcast - Air Date 6-14-26 KP 6: Why The Economist Hates Wealth Taxes - Garys Economics - Air Date 6-14-26 (00:57:37) NOTE FROM THE EDITOR The System That Made Musk a Trillionaire Is the Real Villain My commentaries on YouTube - Share them! DEEPER DIVES (01:15:26) SECTION A: THE TRILLIONAIRE AND WHAT HE REVEALS A1: 'Massive Loser': World Roasts First Trillionaire Elon Musk - The Rational National - Air Date 6-14-26 A2: A Trillion Dollars - Jonathan Pie - Air Date 6-14-26 A3: Trillionaire Welfare Queen - The John Fugelsang Podcast - Air Date 6-15-26 A4: "Land Grab": Trillionaire Elon Musk Sued in South Texas to Block SpaceX Takeover of Wildlife Refuge - Democracy Now! - Air Date 6-16-26 (01:49:20) SECTION B: THE HUMAN COST OF CONCENTRATED POWER B1: 9.4M Lives at Risk: The Human Cost of Elon Musk's DOGE Cuts - Holy Post Media - Air Date 6-15-26 B2: Justin Wolfers on Musk, Inequality, and the Price of American Democracy - Platypus Economics with Justin Wolfers - Air Date 6-13-26 B3: 'If You Can Keep It': What The Wealth Gap Means For Democracy Part 1 - 1A - Air Date 4-27-26 (02:12:31) SECTION C: THE SPACEX IPO HEIST C1: SpaceX IPO: What They're Not Telling Retail Investors - UNFTR Media - Air Date 6-9-26 C2: The First Trillionaire! - PissedMagistus - Air Date 6-14-26 (02:28:50) SECTION D: BELFAST HOW MUSK FUELS RACIAL VIOLENCE ABROAD D1: Belfast Riots: Why UK Mobs See Racial Violence as 'national Defence' | Amina Shareef | MEE Opinion - Middle East Eye - Air Date 6-18-26 D2: The Truth About the Belfast Riots | Claire Hanna Interview - PoliticsJOE Podcast - Air Date 6-10-26 D3: Major Antiracist Rally Held in Belfast to Condemn Anti-Immigrant Riots - Democracy Now! - Air Date 6-15-26 D4: Elon Musk Moves Against German Broadcaster ZDF After Riot Report - DW News - Air Date 6-16-26 (03:00:30) SECTION E: THE RECKONING BILLIONAIRE RHETORIC AND THE CASE FOR TAXING WEALTH E1: Why Jeff Bezos Wants to Cut Your Taxes - Garys Economics - Air Date 5-31-26 E2: Elon Musk & America's Tech Oligarchy - The Weekly Show with Jon Stewart - Air Date 6-10-26 E3: 'If You Can Keep It': What The Wealth Gap Means For Democracy Part 2 - 1A - Air Date 4-27-26 E4: We Need a Wealth Tax on Billionaires. Here's Why | Aaron Bastani Meets Gabriel Zucman - Novara Media - Air Date 5-24-26 E5: The Hidden Danger of America's Wealth Gap - Robert Reich and Inequality Media - Air Date 6-9-26   Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com Listen Anywhere! BestOfTheLeft.com/Listen Listen Anywhere! Follow BotL: Bluesky | Mastodon | Threads | X Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com

This week's bombshell news in Sacramento: California Gov. Gavin Newsom announcing that he and First Partner Jennifer Siebel Newsom are under federal investigation reportedly for tax and financial improprieties – Newsom claiming he's the victim of a political vendetta as a critic of President Trump, but the story also a window into the unseemly practice of “behested payments” that special interests use to curry favor with elected officials, especially sitting governors. As the June primary results are closer to being finalized, why did former reality-tv “villain” Spencer Pratt, billionaire Tom Steyer, AOC-clone Saikat Chakrabarti, and San Jose Mayor Matt Mahan all fail to advance to the general election? Finally, as legislators race to finish a new state budget before its July 1 deadline, will Gov. Newsom, his political allies, and a powerful California labor union cut a deal to keep a billionaire wealth tax off the November ballot?           Recorded on June 18, 2026.

Steve Forbes eviscerates a proposed wealth tax that will be voted on in California referendum, and is currently leading in the polls, and warns that its passage will advance a global effort to impose massive taxes and economic controls on a worldwide basis. Learn more about your ad choices. Visit megaphone.fm/adchoices

Veronique de Rugy argues that the U.S. already has the most progressive tax system among OECD countries, with the wealthy paying a disproportionate share of revenue. She critiques Thomas Piketty's proposal for a global wealth tax and mandated "degrowth," characterizing it as an effort to limit national growth under the guise of climate and social justice. (13)1904 PERSIA

Preview for Later Today: Veronique de Rugy examines Thomas Piketty's "degrowth" plan, which uses a global wealth tax to cap income. The proposal seeks to shrink manufacturing and leisure sectors to address global inequality and climate change.1807 TILSIT