00:00The proposed billionaire's tax in California has already pushed more than a trillion dollars out of the state, and it hasn't even passed.
00:07But I've spoken with founders and investors who think it actually might be a good thing.
00:12These people say it's energizing moderates who tuned out of the state as it slid to the far left and encouraging them to speak out.
00:19Joe Lonsdale, who co-founded Palantir, told me,
00:22I was very cynical about California. I was surrounded by cowards who were too afraid to fight.
00:27But now he's more optimistic than ever.
00:30He said, I've seen a lot of these people wake up.
00:32I'm more optimistic now that I've seen dozens of friends organizing, talking about how we organize to find fraud,
00:38talking about how we can push back on the most extreme radicals.
00:42Multiple political organizations are already trying to put more moderate people in government,
00:46including one just launched a few weeks ago by Google co-founders.
00:51Make sure to look at the link in bio for the full story.
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