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New York Post
  • 57 minutes ago
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00:00We've got to go, but what do you think is going to happen in California, wealth tax?
00:02Are you in Texas now officially? What's going on here? It's official. Just to make sure.
00:08So what do you think is going to happen?
00:09Well, look, let me just say, I've been in California for 30 years. It was painful to leave.
00:13I had no problem paying one of the highest taxes in the country. I think it's 13.3%.
00:19But this is different. This is not a tax. This is an asset seizure.
00:23This is saying that we're going to take 5% of everything you own, whether you're paid up on your taxes or not,
00:27whether your assets are realized or unrealized.
00:30Never been anything like this before in American history.
00:32People are trying to minimize it by saying it's a one-time. It's not a one-time.
00:35That truly is something different. That is different.
00:37In the last 250 years.
00:38It's different. It's not a one-time. It's a first-time.
00:41And if they get away with it, there'll be a second time and a third time.
00:44And this will be the beginning of something very new and different in this country, which is asset seizures.
00:47Whenever a state or a majority decides, hey, we don't like somebody or we don't like a group of people,
00:52we're just going to take their stuff, that's a violation of property rights.
00:54Do you think it's going to pass, and do you think that the Supreme Court ultimately would uphold it?
00:59Well, I think there's a good chance of it getting on the ballot, and then from there,
01:02I think there is a good chance of it passing. I can't say for sure.
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