072: Sacramento's Failing Audit Report Card and Fleeing Billionaires

072: Sacramento's Failing Audit Report Card and Fleeing Billionaires

January 2, 2026 · 1h 18m · Episode 72

About this episode

The episode discusses California's State Auditor's report on high-risk agencies and proposes a wealth tax on billionaires as a solution.

California’s State Auditor just named 8 agencies ”high-risk” for waste, fraud, and mismanagement. EDD blew millions on unused cell phones. CARB paid a ghost employee for 15 months. The Department of Technology has been failing since 2007. So what’s Sacramento’s solution? A 5% wealth tax on billionaires.

Topics covered

Mentioned in this episode

Organizations: California State Auditor, EDD, CARB, Department of Technology

Places: Sacramento

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