Valuetainment - “California’s EVERYONE Tax” - ‘Billionaire’ Tax EXPOSED As Scam On ALL Californians

00:00:00.000 Pull up the Shammat tweet if you could, Rob.

00:00:02.400 Pull up the Shammat tweet, Tom. 0.80

00:00:03.580 I'm going to come to you first and then Adam to you next. 0.95

00:00:05.260 So here's Shammat.

00:00:06.300 We know about the billionaire tax that California is talking about, right?

00:00:09.660 5%, but it's just the billionaires.

00:00:12.140 Just the billionaires.

00:00:14.120 And then Shammat Palapatiya posts this tweet that I retweeted.

00:00:17.380 The devil's in the what?

00:00:18.680 You ever hear the line?

00:00:19.400 The devil's in the what?

00:00:20.740 So the billionaire tax is actually on everyone tax.

00:00:23.420 The billionaire tax is a new tax protocol written by four professors

00:00:26.400 who don't believe in the American dream.

00:00:27.940 Some of them aren't even American.

00:00:29.020 Go figure.

00:00:29.360 despite its name it applies to every california resident who currently has assets or ever will

00:00:34.340 the creators named it the billionaire tax so you would get in to a froth and wouldn't look closely

00:00:40.220 at what it actually does to you on page 26 it explains how the government can convert to an

00:00:45.420 everyone tax without voter approval bingo motive they can also adjust the tax to be a yearly tax

00:00:52.500 not just a one-time thing again without your what approval here's how the tax would work as a voter

00:00:58.240 you're being asked to approve a tax that would require you to, one, list all your assets and the

00:01:02.800 value of each, then submit them to California Franchise Tax Board. Two, authorize the tax

00:01:07.580 board to praise your assets and confirm the value of each. Three, pay a penalty of up to 40% of your

00:01:12.720 tax bill if the board determines your reported value was too low in their opinion. Four, allow

00:01:17.560 the tax board to subpoena your financial records from every one of your financial institutions for

00:01:21.660 auditing. This everyone tax runs 34 pages of shifty language describing how the government

00:01:27.480 plans to take your assets read the fine print and decide for yourself if this were truly a

00:01:32.100 billionaire tax it would be three pages it's 34 pages so it can create the mechanisms to steal

00:01:38.380 from all of you go a little bit low rob if he has the picture on there or not i thought he did

00:01:42.360 california i thought he did so tom before we find the picture tom your thoughts on this because

00:01:47.920 the average person is like we should tax the billionaires more where do you stand with this

00:01:52.300 It says, if you only vote on headlines, you deserve the fine print.

00:01:57.660 If you read everything through and you're an informed voter, then you should be evangelizing and being an ambassador of truth in your circle around the people you work and you live and you go to church and soccer and everything else with.

00:02:10.620 This reminds me of when Nancy Pelosi was cornered.

00:02:14.380 Vinny, you remember this?

00:02:15.100 Nancy Pelosi gets cornered on what was the bill, the health care bill? 0.64

00:02:18.720 Says, well, we'll know what's in it after we pass it.

00:02:21.200 Do you remember that?

00:02:21.820 Yeah, of course. She gets cornered. Guess what? This is the same thing. 0.93

00:02:26.020 This is not a coincidence. This is the way government works.

00:02:28.800 The way government works is you run headlines to create emotions.

00:02:32.900 This is the Democrat playbook. You run headlines to create emotion.

00:02:37.060 People go, oh, my gosh. And they say, good news. We're taxing the rich.

00:02:41.800 Bad news. Now I think you're rich.

00:02:45.160 And that's the way this is working. And Chamath has pointed it out.

00:02:48.600 This is government at its worst.

00:02:51.200 This is the way Pelosi talked about it.

00:02:54.340 Pat, I am unsurprised.

00:02:56.340 I knew it was coming because I said, you just wait.

00:02:59.640 It's going to be the opposite of Bernie Sanders.

00:03:03.580 Bernie Sanders was, all the millionaires need to go.

00:03:06.300 All the millionaires need to go.

00:03:07.480 Then it's all the billionaires because Sanders became a millionaire.

00:03:09.880 Remember, he shifted all of his rhetoric, and there's all those funny videos how he doesn't say millionaires anymore.

00:03:14.680 He just says billionaires because he joined the club with three houses.

00:03:18.320 Well, guess what?

00:03:19.500 It's here.

00:03:20.120 This is exactly what we said was going to happen.

00:03:22.520 Pat, people got to be educated voters.

00:03:24.940 Don't vote on headlines.

00:03:26.940 Find out what it says.

00:03:29.340 We've been taught to pick up juice.

00:03:32.720 I see people picking up juice at Trader Joe's, at the supermarket, and I'll see them look at the back.

00:03:39.980 And I have personally heard people saying, honey, that's not juice.

00:03:43.580 That's 180 calories of sugar.

00:03:45.380 I've seen it.

00:03:46.320 So we're learning to do that. We have to do the same thing with the bills we're voting on.

00:03:50.900 Check the ingredients because it doesn't. Government is just not out to take from one or to impugn one.

00:03:57.840 They're out to impugn and control all of us. Rob, is that the page of what it says?

00:04:02.620 I believe so. Twenty five of thirty two. Twenty five of thirty two.

00:04:06.580 Where is the part that it says at any point? Did you find that part or no?

00:04:13.220 OK, Adam, I'll come to you. I'll look for this here right now. Adam, go for it.

00:04:16.320 Yeah, well, we need to stop villainizing rich people

00:04:20.180 because it's the easiest thing to do. 0.76

00:04:22.500 Well, the rich people did it.

00:04:23.760 Well, you know, the capitalists, it's their problem.

00:04:26.860 The victim Olympics is a real thing.

00:04:29.840 Let me tell you something.

00:04:30.380 You know, every year I go to the Special Olympics.

00:04:32.800 My friends put it on.

00:04:34.760 You know, we have a problem with entitlement

00:04:36.000 and welfare in this country.

00:04:37.180 Let me tell you something.

00:04:38.380 Unless you qualify to compete in the Special Olympics,

00:04:43.660 meaning like you just literally can't take care of yourself,

00:04:46.320 I don't want to hear about your problems.

00:04:49.060 Nobody cares.

00:04:50.700 The victim Olympics, the blame,

00:04:52.780 why do the rich people do this?

00:04:54.100 They can't do this.

00:04:54.900 Remember when AOC showed up to the Met Gala

00:04:57.540 and taxed the rich?

00:04:58.880 This is their whole notion right now.

00:05:01.000 I think there needs to be a new conversation

00:05:02.800 in this country between what capitalism is

00:05:04.740 and what socialism is.

00:05:06.400 One of your most viewed things you've ever done,

00:05:08.180 PBD, was the Jubilee debate.

00:05:09.740 People would hit me up.

00:05:11.200 You know, people would hit you up.

00:05:12.060 Oh, I saw this.

00:05:13.280 Oh, I saw this.

00:05:14.140 People were fascinated about that.

00:05:15.520 because that's a conversation that needs to happen i truly believe that capitalists

00:05:19.560 the business owners need to educate their workers how salaries work how taxes work

00:05:27.200 because if you ever hear the the socialist talk the democratic socialist of america talk they

00:05:32.180 talk about we represent working people working people that we're all working people so

00:05:39.680 remember you told a story about when trump did his tax cuts about you said however long you've

00:05:46.820 been with me at the company for every month you've been here you're going to get a hundred dollars

00:05:51.340 is that the correct story yep so someone who's been working there for three years is oh my god

00:05:55.540 just got 35 hundred bucks it's incredible that you know they say you say uh don't show tell is

00:06:01.720 better to uh what's what's the thing you always say uh um i don't know which which one you say

00:06:07.140 don't you said it's uh better to show than tell essentially yeah there's a phrase that you always

00:06:11.800 yeah but you showed them what it's like when you get a tax cut you're gonna reap the benefits of

00:06:18.120 it yeah there's too much of a gap between the rich people and the working class and i think

00:06:24.620 a conversation is due to say those are i'm paying you yeah yeah but the the two different things i

00:06:31.060 see what you're saying you're talking about the taxes but the reason that they're that the people

00:06:35.160 are advocating for

00:06:37.320 the taxes is because the poor people

00:06:38.720 don't understand the benefit of the rich person,

00:06:41.460 the job creator, the entrepreneur.

00:06:43.100 They took the risk.

00:06:44.920 They started this company, and you have the benefit of it.

00:06:47.400 No question about it. For me, when it comes

00:06:49.180 down to a

00:06:51.120 conversation like this, when they think they're just targeting

00:06:53.280 billionaires, they're not targeting billionaires.

00:06:55.020 Mamdani's not going after billionaires. Mamdani is

00:06:57.080 a guy 0.78

00:06:59.080 that he would like to avenge. In an ideal

00:07:01.200 world, Mamdani would like to be a communist

00:07:03.180 is what he would like to be.

00:07:05.160 He would like to get rid of all the billionaires.

00:07:07.760 And he would like there to be no existent of any billionaires.

00:07:11.100 I even think he said that in the past before.

00:07:12.980 Yeah, that he thinks we don't need billionaires, right?

00:07:15.380 And many others have said that as well.

00:07:17.360 The issue with affordability is something that we have.

00:07:20.000 Whoever is able to figure that part out is going to win elections.

00:07:24.500 Whoever.

00:07:25.180 The other day I had Dominik Tarzinski on. 0.98

00:07:28.580 And you know what's the one thing they do in Poland now that they came up with three years ago? 0.98

00:07:32.540 I think it's a brilliant idea, Vinny.

00:07:35.060 It's in Poland now, if you're 26 or younger, you pay no federal income tax.

00:07:42.320 If you're 26 or younger.

00:07:44.580 So if you make $100,000 a year, guess how much you keep?

00:07:47.240 $100,000.

00:07:48.580 If you make a half a million dollars a year, you keep a half a million dollars.

00:07:52.080 So I said, what if we did that for 30 or under?

00:07:56.020 What if you're under 30, whatever you make, you keep.

00:08:00.740 What if you did that?

00:08:02.040 What would happen to the youth?

00:08:03.220 And what if you said, if you have four kids or more, if you have four kids or more, from the age your kids are zero to 18 years old, you pay no federal income taxes.

00:08:15.420 Think about that for a second.

00:08:17.300 But it's four kids, husband and wife, the two of you guys. 0.99

00:08:20.940 Not like the Middle Eastern way. 0.97

00:08:22.180 I'm talking like the traditional way, four kids. 0.97

00:08:25.100 I don't want you to accelerate it and go and say, let's practice polygamy so I can get four kids in one year because I'm making $100 million this year.

00:08:31.000 I want to accelerate the process. 0.78

00:08:32.380 Create a charity.

00:08:33.220 Yeah, but I do think there's going to be someone in the next 12, 24, 36 months

00:08:37.980 that's going to come out with some creative ideas

00:08:40.200 to make sure the youth don't pay any taxes until they're 30 years old. 0.99

00:08:43.340 Because you're going to incentivize that kid to hustle and bust their butt

00:08:46.500 and make money, and then you're going to have other people to have a bunch of kids.

00:08:49.600 It is a real issue.

00:08:50.400 Can we get to the next car thing by Vinny doesn't want to buy a car?

00:08:52.820 The thing I just want to give you credit, you always talk about

00:08:54.840 more is caught than taught.

00:08:57.080 That's what I was thinking about.

00:08:58.440 Did you hear what Bill Maher said?

00:09:00.540 So if you want to go look at this story,

00:09:01.880 Bill Maher basically called out Bernie Sanders about taxes.

00:09:06.780 I think it's an important addendum to basically your story.

00:09:09.500 I saw that.

00:09:09.900 He basically said last week was tax day.

00:09:11.520 You were about to go to it.

00:09:12.460 Yeah.

00:09:12.900 I paid the government if you had state tax, local tax, sales, property, and Obamacare,

00:09:19.100 probably almost 60% of what I earn in California.

00:09:22.420 He said, while I'm sure the super rich with our army of accountants and corporate loopholes

00:09:25.680 get away with murder, us regular rich people pay a ton of taxes.

00:09:29.940 And here's the numbers.

00:09:30.560 the top 10 percent of america pays 72 percent of all taxes top 10 percent the but the bottom half

00:09:39.280 so the 50 percent of this country that's basically earning less than forty thousand dollars do you

00:09:43.980 know how much they pay in taxes three percent so this whole taxing the rich taxing the rich taxing

00:09:49.800 the rich federally where can they go they'll leave the country but if you do it in a state

00:09:53.760 how many people are going to leave california you left california 13 percent how many people

00:09:57.780 leave new york so more is taught than talk when it affects you this is just the beginning this is

00:10:02.380 just the beginning i can't tell you yesterday i'm at a football game and a lady pulls up to me she

00:10:07.160 says when are you guys gonna get size 14 i'm like ma'am we just got size seven we just got size eight

00:10:13.100 and a half 14 is coming here soon we got seven and a half says my husband i need size 14 my dad

00:10:19.040 comes home from church we're done eating we're at the house with sean and grace and my dad says

00:10:24.080 when are you getting size 14?

00:10:25.580 I said, what do you mean size 14?

00:10:27.220 Today at church, somebody saw my Valuetainment logo.

00:10:29.460 They came to me.

00:10:30.020 They said, are you getting size 14 or not?

00:10:32.040 So I'm like, is there like an epidemic going on with size 14?

00:10:34.660 Who needs to use, Shaq, size 14?

00:10:36.300 Yeah, well, Shaq needs size 22, 23.

00:10:38.440 Wow.

00:10:38.700 But let me tell you, it's exciting stuff that's going on with the shoe.

00:10:41.620 Everywhere I'm going now, people are asking about how come.

00:10:44.520 My husband bought it.

00:10:45.560 We were at first skeptical.

00:10:46.780 Why would somebody like PBD come out with shoes?

00:10:49.400 You're not a shoe company.

00:10:50.480 Why would you come out with a shoe?

00:10:51.600 And then you go to Italy to do it.

00:10:52.820 I know it's designed in Florida, and it's got the, you know,

00:10:56.080 the super foam technology on the bottom of it, super comfortable.

00:10:58.820 Yes, every day I've been wearing this thing since September 9th,

00:11:02.520 I've worn the shoe every single day except for eight days.

00:11:06.180 Now I've not worn it since September 9th just to see what it feels like,

00:11:10.320 what it looks like, does it tear, does it have any damage?

00:11:12.460 It's the most comfortable thing I wear.

00:11:14.440 And if you haven't yet gotten yourself an FLB shoe, watch this commercial.

00:11:18.180 Hopefully this will persuade you to place an order for yourself,

00:11:21.220 your husband, or your son. Go ahead, Rob. When we set out to create a shoe that blends comfort,

00:11:27.540 function, and luxury, we had the choice to make it fast. We had the choice to make it cheap.

00:11:33.860 We chose neither. Instead, we chose Toscaneiro. We chose true Italian craftsmanship. Each pair

00:11:40.980 touched by 50 skilled hands. We chose patience, spending two years perfecting every detail,

00:11:49.220 and we chose the finest quality at every step.

00:11:53.360 Introducing the Future Looks Bright collection.

00:11:56.920 Not rushed, not disposable, not ordinary.

00:12:01.120 Rather intentional, luxurious, timeless.

00:12:09.260 Go to vtmurch.com, place your order,

00:12:11.720 handmade, Italy, Tuscany, Superfoam technology.

00:12:15.260 Your husband will thank you for it,

00:12:16.480 your son will, and you will if you buy it for yourself.

00:12:18.240 Get it in white, black, brown, or navy blue.

00:12:23.120 And new colors will be launched here in August.

00:12:25.140 But for now, we have a lot of sizes.

00:12:26.440 Get them before they sell out because the sizes go out quickly.

00:12:28.820 If you enjoyed this video, you want to watch more videos like this, click here.

00:12:31.520 And if you want to watch the entire podcast, click here.

Valuetainment - April 28, 2026

“California’s EVERYONE Tax” - ‘Billionaire’ Tax EXPOSED As Scam On ALL Californians

Episode Stats

Summary

Transcript