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Tax the Rich?

11 0
07.04.2026

"Tax the rich!" shout progressives.

America's richest people are ridiculously rich.

"Five bucks to you is like $6 million to billionaire Jeff Bezos!" shrieks Sen. Elizabeth Warren.

Taking more from billionaires and millionaires just seems fair.

That's why Washington state passed a new "millionaire's tax," California will soon vote on a "billionaire's tax," and my mayor in NYC shouts, "increase taxes on the wealthiest New Yorkers!"

Don't these politicians realize that in America, people can move?

The same day Washington's House passed its millionaire's tax, Starbucks billionaire Howard Schultz announced that he's leaving Washington for Florida.

Billionaires Elon Musk, Larry Ellison, Steven Spielberg, Peter Thiel and now Google co-founders Larry Page and Sergey Brin have left California.

For 170 years, California brought in more people than any other state. It's clear why -- the weather is awesome. There were growing opportunities and jobs.

But now regulation and taxes have changed that.

"Remarkably, for the first time since California came into the union, they're having out migration!" says Forbes magazine's Steve Forbes in my new video.

Some California activists think that's OK.

"The benefit........

© Townhall