California Wealth Tax : The Liquidity Trap

Added: 2026-05-25

[00:00:00]There's another conversation happening quietly behind the scenes that could potentially become an even bigger issue long-term. And that's the proposed billionaire tax, or [music] what's often referred to as the California wealth tax. Now, technically, versions of these proposals have not become law, but the fact that they're being even discussed has already changed the behavior for some high net worth individuals and business owners. Because this wouldn't [music] just tax income, it could potentially tax net worth. That means stocks, businesses, investment portfolios, private company ownership, crypto, real estate holdings, ownership interest, basically any type of asset.