Stanford finance professor Joshua Rauh breaks down why California’s proposed Prop 40 billionaire wealth tax faces low odds and threatens to accelerate capital flight. He explains how state and federal proposals could tax unrealized startup equity, and argues California’s structural deficit stems from runaway spending rather than a lack of tax revenue. Check out our sponsor Lovable: https://lovable.dev. Turn ideas into software people love.

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Timestamps:

(00:00) Introduction

(00:55) California Proposition 40 Wealth Tax

(03:42) National Wealth Tax Prospects

(07:03) Bay Area Transit Measures

(10:32) Outro And Episode Wrap

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Note: This podcast is not investment, legal, or tax advice, and is intended for informational and entertainment purposes only. Hosts and guests may hold positions in the companies and securities discussed; do your own research before acting on anything you hear.

California Spending Is Up 72% Since 2019 | Joshua Rauh

MTS

California Spending Is Up 72% Since 2019 | Joshua Rauh