00:00We gotta go, but what do you think's gonna happen in California?
00:02Wealth tax.
00:02Are you in Texas now, officially?
00:05What's going on here?
00:05It's a visual.
00:06Just to make sure.
00:07Yeah.
00:08So what do you think's gonna happen?
00:09Well, look.
00:10Let me just say, I've been in California for 30 years.
00:12It was painful to leave.
00:13I had no problem paying.
00:15One of the highest taxes in the country, I think it's 13.3%.
00:20This is different.
00:21This is not a tax.
00:22This is an asset seizure.
00:23This is saying that we're gonna take 5% of it.
00:25Everything you own, whether you're paid up on your taxes or not, whether your assets
00:28are realized or unrealized.
00:30There's never been anything like this before in American history.
00:32Right.
00:32People are trying to minimize it by saying it's a one-time.
00:34It's not a one-time.
00:35That truly is something different.
00:36It's a first-time.
00:37That is different.
00:38In the last 250 years.
00:39It's different.
00:40It's not a one-time.
00:40It'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.
00:45There's something very new and different in this country, which is asset seizures.
00:47Right.
00:48Whenever a state or a majority...
00:50Decides, hey, we don't like somebody or we don't like a group of people.
00:52We're just gonna take their stuff.
00:53That's a violation of property rights.
00:55Do you think it's gonna pass?
00:56And do you think that the Supreme Court ultimately would uphold it?
00:59Well, I think...
01:00There's a good chance of it getting on the ballot.
01:01And then from there, I think it's probably...
01:03There is a good chance of it passing.
01:05Nothing, for sure.
01:06For the phone.
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