“5% today… everything tomorrow” The California tax plan critics say could destroy wealth nationwide

On the Record with Christian Briggs – Christian Briggs examines California’s proposed net worth tax, arguing it could force asset selloffs, trigger higher effective tax burdens, and drive wealthy residents out of state. He warns the policy may expand nationwide, reshaping taxation, discouraging investment, and risking long-term economic consequences beyond California’s borders while sparking intense political and economic debate...