“5% today… everything tomorrow” The California tax plan critics say could destroy wealth nationwide

About this episode

Christian Briggs examines California’s proposed net worth tax and its potential nationwide implications.

On the Record with Christian Briggs – Christian Briggs examines California’s proposed net worth tax, arguing it could force asset selloffs, trigger higher effective tax burdens, and drive wealthy residents out of state. He warns the policy may expand nationwide, reshaping taxation, discouraging investment, and risking long-term economic consequences beyond California’s borders while sparking intense political and economic debate...

People in this episode

Host: Christian Briggs

Topics covered

• tax policy
• wealth tax
• California
• economic consequences
• investment
• political debate

Keywords

• California tax plan
• net worth tax
• wealth destruction
• asset selloffs
• economic debate

Mentioned in this episode

Places: California

More episodes of Podcast | America Out Loud News

• The Trump reset vs. Schwab’s global order · June 13, 2026 · 57 min
• A fly, a virus, a pig, and a pardon! The cost of politicizing everything · June 12, 2026 · 57 min
• Exploring new space capitalism with Dr. Rainer Zitelmann · June 12, 2026 · 57 min
• New study shows stunning cognitive improvements reversing Alzheimer’s · June 12, 2026 · 57 min
• US inflation hits 4.2% driven by rising energy prices · June 12, 2026 · 57 min
• How the California machine protects itself – until it can’t · June 12, 2026 · 57 min