California’s $1 trillion wealth tax disaster and why New York is next
January 16, 202657m 44s
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Show Notes
The Hidden Lightness with Jimmy Hinton – California’s aggressive wealth tax accelerates capital flight, job losses, and economic instability as investors and businesses leave the state. New York follows a similar path, promising expanded public benefits while shrinking its tax base. As high earners exit, financial pressure shifts to the middle class through higher costs, reduced services, and long-term fiscal strain...