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David Friedberg: It’s totally reasonable to say billionaires aren’t paying their fair share — but the uncomfortable truth is why. Ultra-wealthy individuals don’t live on income, they live by borrowing against assets. No sale, no capital gains, no tax. That’s the loophole nobody wants to say out loud. The...

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Ian Miles

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859,940 views • 8 months ago •via X (Twitter)

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David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets david friedberg: “The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.” “Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.” “We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.” “All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.” “And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.” “The total net worth of billionaires in the US is $8 trillion.” “The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.” Chamath Palihapitiya: “They need a way to open the door so that they can go after the real honey pot.” “The real honeypot is not 200 people.” david friedberg: “Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.” “Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.” “Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.” “The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”
1:51

David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets david friedberg: “The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.” “Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.” “We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.” “All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.” “And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.” “The total net worth of billionaires in the US is $8 trillion.” “The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.” Chamath Palihapitiya: “They need a way to open the door so that they can go after the real honey pot.” “The real honeypot is not 200 people.” david friedberg: “Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.” “Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.” “Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.” “The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”

The All-In Podcast

1,809,810 views • 9 months ago

Ca Billionaire Tax is new tax system to apply a tax on ALL property owned, not just real estate but stocks, bonds, furniture, autos, cash, gold, silver - everything. And don’t believe it’s about billionaire $8T, they want to tax their entire $170T property owned by middle class. Imagine your grandparents with no real income who now live off social security and whatever they live accumulated in savings. The govt would tax the value of all the assets they’ve collected over their lifetime. Let’s say grandpa has a $1,000,000 net worth but very little cash. The gov’t would tax the value of assets and grandpa would have to pay $50,000 in taxes annually. It’s like a property tax but not just on your home everything they own!
4:57

Ca Billionaire Tax is new tax system to apply a tax on ALL property owned, not just real estate but stocks, bonds, furniture, autos, cash, gold, silver - everything. And don’t believe it’s about billionaire $8T, they want to tax their entire $170T property owned by middle class. Imagine your grandparents with no real income who now live off social security and whatever they live accumulated in savings. The govt would tax the value of all the assets they’ve collected over their lifetime. Let’s say grandpa has a $1,000,000 net worth but very little cash. The gov’t would tax the value of assets and grandpa would have to pay $50,000 in taxes annually. It’s like a property tax but not just on your home everything they own!

Grant Cardone

731,139 views • 8 months ago

A wealth tax doesn’t target income. It targets assets — homes, investments, businesses — purchased with money you already paid taxes on. Not income. Not transactions. Ownership itself. Taxed again. California is putting a wealth tax on the November 2026 ballot. Elizabeth Warren just introduced one federally. Washington and Massachusetts passed millionaires’ income surtaxes. Tech investor David Friedberg — not a Republican — says for the first time in American history, a government is trying to tax private property you already own. Taxing what you already own — not what you earn — is a different category of government power. If ownership is permanent, taxing it repeatedly is confiscation. If it isn’t, every property right you think you have is negotiable. The Founders didn’t write the Fifth Amendment to be abstract. They’d already lived the version where the government decides what ownership means. Most people think they know which side they’d have been on. It’s easier to say before it costs something.
1:50

A wealth tax doesn’t target income. It targets assets — homes, investments, businesses — purchased with money you already paid taxes on. Not income. Not transactions. Ownership itself. Taxed again. California is putting a wealth tax on the November 2026 ballot. Elizabeth Warren just introduced one federally. Washington and Massachusetts passed millionaires’ income surtaxes. Tech investor David Friedberg — not a Republican — says for the first time in American history, a government is trying to tax private property you already own. Taxing what you already own — not what you earn — is a different category of government power. If ownership is permanent, taxing it repeatedly is confiscation. If it isn’t, every property right you think you have is negotiable. The Founders didn’t write the Fifth Amendment to be abstract. They’d already lived the version where the government decides what ownership means. Most people think they know which side they’d have been on. It’s easier to say before it costs something.

Jake

12,990 views • 5 months ago

The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax
0:50

The Income Tax has been deemed Unconstitutional “There's no income tax in America until the Civil War. An emergency one Lincoln pushed after the Civil War, it's repealed 1892. They try to have a peacetime income tax, it’s declared unconstitutional Woodrow Wilson pushes through the income tax, the 16th Amendment in 1913. It's a 1% tax on the top 1% richest people in the country. It's not to tax the people, it’s to go after those robber barons. The Rockefellers, Carnegies, J. Paul Getty's, the Astors. It would be sort of like today that only Warren Buffett and Bill Gates and George Soros, that's what the tax is for. And so you have Taft, pushing through a corporate income tax. And only the extreme wealthy owned corporate stock, so it was a backdoor way to get at them. Teddy Roosevelt was responsible for inheritance tax, because only the extreme wealthy had an inheritance worth leaving. But finally, Woodrow Wilson pushes through the income tax, which is the 1% tax on the top 1% richest people.” And today this is all applied to everyone It’s time to abolish the income tax

Wall Street Apes

101,358 views • 7 months ago

Bill Maher on California’s proposed wealth tax on billionaires: “Gavin Newsom’s a pretty liberal guy. He’s against this.” “The problem is… it makes billionaires leave the state, and many already have, and then the tax base actually goes down.” Don Lemon: “But where are they going to go?” Bill Maher: “Florida! Texas!” Don Lemon: “But if it’s in the entire America, if it’s 5% [tax] of all billionaires, where are they going to go. Are they going to move to another country?” Bill Maher: “If you make it a federal law?” Don Lemon: “Yeah.” Bill Maher: “Well, that ain’t going to happen.”
2:23

Bill Maher on California’s proposed wealth tax on billionaires: “Gavin Newsom’s a pretty liberal guy. He’s against this.” “The problem is… it makes billionaires leave the state, and many already have, and then the tax base actually goes down.” Don Lemon: “But where are they going to go?” Bill Maher: “Florida! Texas!” Don Lemon: “But if it’s in the entire America, if it’s 5% [tax] of all billionaires, where are they going to go. Are they going to move to another country?” Bill Maher: “If you make it a federal law?” Don Lemon: “Yeah.” Bill Maher: “Well, that ain’t going to happen.”

RedWave Press

294,876 views • 7 months ago

A Trump advisor just explained how the rich never pay tax. Not loopholes. Not “smart accounting.” A feature of the system. You work. Every paycheck gets taxed. They own stock. It goes up for years. They pay nothing. Then a bank calls. “Don’t sell. We’ll lend you millions against it. Tax-free.” Buy a yacht. Buy more assets. Keep compounding. Never trigger a sale. Never pay capital gains. David Friedberg said he didn’t fully get it until a European bank offered him the deal. His reaction: “This is what the rich do.” He says fix it by taxing the loan like a sale. Raise capital gains if you want. But a wealth tax? He calls that an asset seizure. Unconstitutional. The moment you start taking private property, the gates are open. The poor get taxed on labor. The rich get taxed when they feel like it. That’s the system.
4:45

A Trump advisor just explained how the rich never pay tax. Not loopholes. Not “smart accounting.” A feature of the system. You work. Every paycheck gets taxed. They own stock. It goes up for years. They pay nothing. Then a bank calls. “Don’t sell. We’ll lend you millions against it. Tax-free.” Buy a yacht. Buy more assets. Keep compounding. Never trigger a sale. Never pay capital gains. David Friedberg said he didn’t fully get it until a European bank offered him the deal. His reaction: “This is what the rich do.” He says fix it by taxing the loan like a sale. Raise capital gains if you want. But a wealth tax? He calls that an asset seizure. Unconstitutional. The moment you start taking private property, the gates are open. The poor get taxed on labor. The rich get taxed when they feel like it. That’s the system.

Defiant Ghost

27,269 views • 1 month ago

On 4th of July Independence Day everyone should be aware of this Donald Trump exposed on Joe Rogan the only reason we’re still paying an income tax in America is because US Politicians are paid off by foreign countries You should be furious. It’s time to Abolish the IRS and set Americans free. We are not free if we are forced to pay an income tax “In the early 1900, they switched over stupidly to an income tax. And you know why? Because countries were putting a lot of pressure on America. We don't wanna pay tariffs. Believe me, they control our politicians. If you look at the kind of numbers that these guys make then and now” We are all literally paying an income tax because US Politicians are taking bribes from foreign counties to enrich themselves It’s time to abolish the IRS There are roughly 97 distinct taxes and fees we are already expected to pay with income that’s already being taxed Here are just some ways the government steals your money: If you earn it, income tax If you live somewhere, property tax If you spend it, sales tax If you save it, inflation tax If you invest it, capital gains tax If you start a business, licenses If you own a good business, profit tax If you give it away, gift tax If you die, inheritance tax
2:33

On 4th of July Independence Day everyone should be aware of this Donald Trump exposed on Joe Rogan the only reason we’re still paying an income tax in America is because US Politicians are paid off by foreign countries You should be furious. It’s time to Abolish the IRS and set Americans free. We are not free if we are forced to pay an income tax “In the early 1900, they switched over stupidly to an income tax. And you know why? Because countries were putting a lot of pressure on America. We don't wanna pay tariffs. Believe me, they control our politicians. If you look at the kind of numbers that these guys make then and now” We are all literally paying an income tax because US Politicians are taking bribes from foreign counties to enrich themselves It’s time to abolish the IRS There are roughly 97 distinct taxes and fees we are already expected to pay with income that’s already being taxed Here are just some ways the government steals your money: If you earn it, income tax If you live somewhere, property tax If you spend it, sales tax If you save it, inflation tax If you invest it, capital gains tax If you start a business, licenses If you own a good business, profit tax If you give it away, gift tax If you die, inheritance tax

Wall Street Apes

183,878 views • 3 months ago

David Sacks: The biggest lie in this whole debate is calling it a “one-time tax.” There is nothing in the ballot language that guarantees it will never happen again. They’re not writing it into the constitution. This isn’t a one-time tax — it’s the first of many. The real goal is to establish a precedent — They keep minimizing it — “one percent, one time.” That’s intentional. They know the real value isn’t the money today, it’s the precedent. Once the government proves it can confiscate private property from a politically unpopular group, it will be replicated over and over again. Today they say “billionaires.” Tomorrow the line comes way down — because there’s not enough money. This has never been about billionaires. It’s about creating a system where the government decides who gets to keep their property — They say it’s “just the tip of the pinky.” But that’s how it always starts. Not the fist — just the pinky. The whole point is to normalize asset seizures so that all property is effectively owned by the government, subject to political approval. This is why democracy has limits. It can’t be two wolves and a sheep voting on dinner. People have rights. And once you allow the majority to vote away private property, you don’t have rights anymore — you have permissions.
2:07

David Sacks: The biggest lie in this whole debate is calling it a “one-time tax.” There is nothing in the ballot language that guarantees it will never happen again. They’re not writing it into the constitution. This isn’t a one-time tax — it’s the first of many. The real goal is to establish a precedent — They keep minimizing it — “one percent, one time.” That’s intentional. They know the real value isn’t the money today, it’s the precedent. Once the government proves it can confiscate private property from a politically unpopular group, it will be replicated over and over again. Today they say “billionaires.” Tomorrow the line comes way down — because there’s not enough money. This has never been about billionaires. It’s about creating a system where the government decides who gets to keep their property — They say it’s “just the tip of the pinky.” But that’s how it always starts. Not the fist — just the pinky. The whole point is to normalize asset seizures so that all property is effectively owned by the government, subject to political approval. This is why democracy has limits. It can’t be two wolves and a sheep voting on dinner. People have rights. And once you allow the majority to vote away private property, you don’t have rights anymore — you have permissions.

Ian Miles Cheong

128,372 views • 8 months ago

California is looking to implement a wealth tax on billionaires. On their after-tax & pre-tax holdings based on net worth. Which is by far, the absolute dumbest thing you can do. Especially given the fact that many billionaires, don’t have liquidity to pay for that tax burden. Many tech billionaires, early on, reach that status on a paper basis. Based on funding rounds and the valuation used. Those shares, generally get locked in. Meaning they don’t have the money to pay for the damn tax. This type of tax will create a massive outflow of investments. It will lead to an economic, entrepreneurial & investment decline. It’s utter madness. Canada, is very similar to California. The laws, regulations, & socialist approach to problems. We can never allow this to happen in our country. It’s a disaster waiting to happen.
2:59

California is looking to implement a wealth tax on billionaires. On their after-tax & pre-tax holdings based on net worth. Which is by far, the absolute dumbest thing you can do. Especially given the fact that many billionaires, don’t have liquidity to pay for that tax burden. Many tech billionaires, early on, reach that status on a paper basis. Based on funding rounds and the valuation used. Those shares, generally get locked in. Meaning they don’t have the money to pay for the damn tax. This type of tax will create a massive outflow of investments. It will lead to an economic, entrepreneurial & investment decline. It’s utter madness. Canada, is very similar to California. The laws, regulations, & socialist approach to problems. We can never allow this to happen in our country. It’s a disaster waiting to happen.

Mario Zelaya

21,020 views • 9 months ago

‼️ WHAT JUST HAPPENED?! CALIFORNIA WANTS TO TAX BILLIONAIRES 5%... EVEN IF THEY LEAVE! California is putting a one-time 5% billionaire tax to a vote, aimed at raising around $100 billion for healthcare and other public services. The twist? It is tied to a residency date that has already passed, so leaving may not get you off the hook. Patrick Ney dives into how the plan works, why billionaires are fighting it, and whether California has finally found a way around the biggest problem with wealth taxes: the rich simply leaving. 01:20 - How California’s 5% billionaire tax would work 03:01 - Why billionaires are already fighting back 04:38 - What previous wealth taxes actually tell us 06:48 - The case for taxing California’s rich residents 08:29 - The catch nobody has fully solved
10:28

‼️ WHAT JUST HAPPENED?! CALIFORNIA WANTS TO TAX BILLIONAIRES 5%... EVEN IF THEY LEAVE! California is putting a one-time 5% billionaire tax to a vote, aimed at raising around $100 billion for healthcare and other public services. The twist? It is tied to a residency date that has already passed, so leaving may not get you off the hook. Patrick Ney dives into how the plan works, why billionaires are fighting it, and whether California has finally found a way around the biggest problem with wealth taxes: the rich simply leaving. 01:20 - How California’s 5% billionaire tax would work 03:01 - Why billionaires are already fighting back 04:38 - What previous wealth taxes actually tell us 06:48 - The case for taxing California’s rich residents 08:29 - The catch nobody has fully solved

NewsForce

93,012 views • 3 months ago

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast
2:35

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 views • 8 months ago

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.
1:36

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

JIX5A

57,632 views • 10 months ago

Zack hits the nail on the head with this. Don’t know who this Richard bloke is but agree 100% with Zach - his position is morally reprehensible. Selfish is an understatement. We live in a country where kids can’t afford lunch but we’re afraid to ask for more from billionaires. A wealth tax has overwhelming support, including from the wealthy - Patriotic Millionaires recent poll shows that. Zack gets it….it’s about bringing some balance into our tax system. Right now the more money you have the less tax you pay.
0:47

Zack hits the nail on the head with this. Don’t know who this Richard bloke is but agree 100% with Zach - his position is morally reprehensible. Selfish is an understatement. We live in a country where kids can’t afford lunch but we’re afraid to ask for more from billionaires. A wealth tax has overwhelming support, including from the wealthy - Patriotic Millionaires recent poll shows that. Zack gets it….it’s about bringing some balance into our tax system. Right now the more money you have the less tax you pay.

Dale Vince

66,804 views • 1 year ago

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!
4:58

Tax, tax, tax. It’s all Labour know, it’s all Labour do. Now we potentially have 2 more, 1 for sure. There will be a 22% across the board tax on an interest earned from cash in stocks & shares ISA’s. Bear in mind this is money you have invested that you already paid income tax on and put into an ISA because you were told it was tax free. Then there is a strong suggestion that when Burnham comes in he will immediately put up Capital Gains Tax to match income tax. Thus killing any incentive or motivation to invest in or grow your assets. Tax is there for one reason only. To make the country function well and better people’s lives. We have the highest taxes ever now….but look around you. I defy you to find a single solitary piece of your life or this country that those taxes have improved!!! My advice is….find legal ways to pay as little as you possibly can!!

John Hannam

46,485 views • 3 months ago

The Biggest Tax Reform in Living Memory! A trust is basically a structure where the income doesn’t sit in your personal name. It sits in the trust, and each year, that income can be distributed to different people in the family. So instead of one person earning everything and paying top tax, it gets spread out. This is how the wealthy pay less tax - legally. The advantage is simple. You can legally reduce the overall tax by allocating income to people on lower tax rates. That’s why people who’ve got good advice and set things up properly have been able to keep more of what they earn, while also adding a layer of asset protection at the same time. #australianeconomy #budget #trustfund
1:41

The Biggest Tax Reform in Living Memory! A trust is basically a structure where the income doesn’t sit in your personal name. It sits in the trust, and each year, that income can be distributed to different people in the family. So instead of one person earning everything and paying top tax, it gets spread out. This is how the wealthy pay less tax - legally. The advantage is simple. You can legally reduce the overall tax by allocating income to people on lower tax rates. That’s why people who’ve got good advice and set things up properly have been able to keep more of what they earn, while also adding a layer of asset protection at the same time. #australianeconomy #budget #trustfund

TOM PANOS

16,068 views • 5 months ago

FACT CHECK: President Biden's 44.6% Capital Gains Tax: Conservatives are melting down because of a tax proposal within a tax proposal that wouldn’t go into effect until 2026, if Congress passed it, but what they are forgetting to tell you is that it will only impact 0.1% to 0.2% of the tax-paying public, or in other words the top 1/1000th or the very worst 1/500th of American earners. Conservatives are once again not providing the full context in that the 44.6% tax rate would apply to ONLY those making over $1 MILLION income per year. In other words, the ultra wealthy, who already pay a staggeringly low percentage of their income in taxes will help us pay down our national debt if this proposal ever goes into effect. If you are going to argue about the tax or if it’s fair, I’m fine with that, but at least provide the full context of the proposal
1:47

FACT CHECK: President Biden's 44.6% Capital Gains Tax: Conservatives are melting down because of a tax proposal within a tax proposal that wouldn’t go into effect until 2026, if Congress passed it, but what they are forgetting to tell you is that it will only impact 0.1% to 0.2% of the tax-paying public, or in other words the top 1/1000th or the very worst 1/500th of American earners. Conservatives are once again not providing the full context in that the 44.6% tax rate would apply to ONLY those making over $1 MILLION income per year. In other words, the ultra wealthy, who already pay a staggeringly low percentage of their income in taxes will help us pay down our national debt if this proposal ever goes into effect. If you are going to argue about the tax or if it’s fair, I’m fine with that, but at least provide the full context of the proposal

Brian Krassenstein

439,811 views • 2 years ago

RUNAWAY DEBT & WAR SPENDING 1981: Reagan implemented the largest tax cuts while prioritizing Defense spending. This marked the beginning of an era of massive spending & debt accumulation Currently, US debt increases by: - $1 Trillion every 100 days - $100B in debt every 10 days GOV SPENDING INCREASE Trump’s 2026 budget increases spending by $531 Billion (DOD’s budget increases from $852B to $1 Trillion) Meanwhile, DOGE has only cut spending by $161 Billion over multiple years. The savings in the 2026 budget are listed as only $4 Billion. TAX REVENUE DECREASE Trump’s Budget will extend the expiring 2017 Tax Cuts and Jobs Act (TCJA) which is estimated to decrease federal tax revenue by $4.5 Trillion from 2025 through 2034 (over 10 years). There are other tax cuts listed such as no tax on tips etc Trump’s tariffs are estimated to raise $2.1 Trillion in government revenue over the next decade, if they are actually implemented permanently. Overall, the net effect of tax cuts plus the tariffs is projected to decrease tax revenue by $2.4 Trillion over 10 years. DEBT CEILING Trump and Congress have agreed to increase the debt limit by $5 Trillion. US national debt is currently at $36.8 Trillion & increasing by approximately $1 trillion every 100 days, meaning it's adding $100 billion in debt every 10 days. I don’t see any changes from prior administrations in terms of deficit spending and debt accumulation. Coupled with the tax cuts, it will only get worse. And I haven’t factored in inflation and decrease in purchasing power parity (PPP) etc as a result of the tariffs. Now, there are lots of narratives about weathering the storm to rebuild our economy but you cannot do that while waging wars and feeding the war machine to the tune of $1 Trillion per year. If Trump was serious, he would have slashed the DOD budget (4th largest gov spending account) in half and stopped all the war BS. But he’s not.
1:37

RUNAWAY DEBT & WAR SPENDING 1981: Reagan implemented the largest tax cuts while prioritizing Defense spending. This marked the beginning of an era of massive spending & debt accumulation Currently, US debt increases by: - $1 Trillion every 100 days - $100B in debt every 10 days GOV SPENDING INCREASE Trump’s 2026 budget increases spending by $531 Billion (DOD’s budget increases from $852B to $1 Trillion) Meanwhile, DOGE has only cut spending by $161 Billion over multiple years. The savings in the 2026 budget are listed as only $4 Billion. TAX REVENUE DECREASE Trump’s Budget will extend the expiring 2017 Tax Cuts and Jobs Act (TCJA) which is estimated to decrease federal tax revenue by $4.5 Trillion from 2025 through 2034 (over 10 years). There are other tax cuts listed such as no tax on tips etc Trump’s tariffs are estimated to raise $2.1 Trillion in government revenue over the next decade, if they are actually implemented permanently. Overall, the net effect of tax cuts plus the tariffs is projected to decrease tax revenue by $2.4 Trillion over 10 years. DEBT CEILING Trump and Congress have agreed to increase the debt limit by $5 Trillion. US national debt is currently at $36.8 Trillion & increasing by approximately $1 trillion every 100 days, meaning it's adding $100 billion in debt every 10 days. I don’t see any changes from prior administrations in terms of deficit spending and debt accumulation. Coupled with the tax cuts, it will only get worse. And I haven’t factored in inflation and decrease in purchasing power parity (PPP) etc as a result of the tariffs. Now, there are lots of narratives about weathering the storm to rebuild our economy but you cannot do that while waging wars and feeding the war machine to the tune of $1 Trillion per year. If Trump was serious, he would have slashed the DOD budget (4th largest gov spending account) in half and stopped all the war BS. But he’s not.

GenXGirl

74,492 views • 1 year ago

The budget failed to deliver significant income tax cuts to offset bracket creep that is devasting family budgets as a result of high inflation. For someone on a wage of $80,000, 4% inflation reduces purchasing power by $3,200 each year. The best Chalmers can do to help hard working Australians, is to offer a measly $275 temporary tax offset. The minimum CGT tax rate of 30% is wrong. Capital gains like any income should be taxed at the marginal rate. Low income earners are going to be hit hard by this measure. I could live with removing the CGT discount provided the extra tax revenue from that measure had been used to offset income tax rather than remove negative gearing. Negative gearing is more effective when income tax rates are high. If tax rates were lowered, then negative gearing would be become a more much ineffective tax strategy. Personally I’ve never been a fan of negative gearing, because you have to spend a $1 to get 47 cents back which leaves you 53 cents worse off in today’s money. There is no substitute for cutting income tax if you want to maintain a strong economy. Immigration is forecast to be 2 million over the next two terms of Parliament which is still too high. Yet again if Labor wants to improve housing affordability, why won’t they lower immigration? Debt levels are forecast to continue to increase which reflects on Labor’s inability to control government spending. People First will cut spending, cut immigration and cut taxes. See how at:
2:25

The budget failed to deliver significant income tax cuts to offset bracket creep that is devasting family budgets as a result of high inflation. For someone on a wage of $80,000, 4% inflation reduces purchasing power by $3,200 each year. The best Chalmers can do to help hard working Australians, is to offer a measly $275 temporary tax offset. The minimum CGT tax rate of 30% is wrong. Capital gains like any income should be taxed at the marginal rate. Low income earners are going to be hit hard by this measure. I could live with removing the CGT discount provided the extra tax revenue from that measure had been used to offset income tax rather than remove negative gearing. Negative gearing is more effective when income tax rates are high. If tax rates were lowered, then negative gearing would be become a more much ineffective tax strategy. Personally I’ve never been a fan of negative gearing, because you have to spend a $1 to get 47 cents back which leaves you 53 cents worse off in today’s money. There is no substitute for cutting income tax if you want to maintain a strong economy. Immigration is forecast to be 2 million over the next two terms of Parliament which is still too high. Yet again if Labor wants to improve housing affordability, why won’t they lower immigration? Debt levels are forecast to continue to increase which reflects on Labor’s inability to control government spending. People First will cut spending, cut immigration and cut taxes. See how at:

Gerard Rennick

33,004 views • 4 months ago

Tax the BILLIONAIRES. Conservatives stay focused on what’s happening in people’s bedrooms to distract you from the fact that they don’t make your life more affordable. As long as they keep you arguing about “sin,” you’ll ignore how they robbed you—again. They’re talking about taxing content creators while refusing to tax billionaires or corporations. That tells you everything you need to know: they aren’t anti-tax. They’re just against taxing the people who fund their campaigns. If the best policy you can offer is taxing people who make porn—while refusing to raise wages, expand healthcare, or lower the cost of living—you’re a trash civic leader and should take it to the crib. Again: Tax the BILLIONAIRES. And don’t vote for this weirdo James Fishback. Share if you care. 🦾
2:56

Tax the BILLIONAIRES. Conservatives stay focused on what’s happening in people’s bedrooms to distract you from the fact that they don’t make your life more affordable. As long as they keep you arguing about “sin,” you’ll ignore how they robbed you—again. They’re talking about taxing content creators while refusing to tax billionaires or corporations. That tells you everything you need to know: they aren’t anti-tax. They’re just against taxing the people who fund their campaigns. If the best policy you can offer is taxing people who make porn—while refusing to raise wages, expand healthcare, or lower the cost of living—you’re a trash civic leader and should take it to the crib. Again: Tax the BILLIONAIRES. And don’t vote for this weirdo James Fishback. Share if you care. 🦾

Gary Chambers

14,385 views • 8 months ago