California wants to raise $100 billion through a new billionaire wealth tax, but is it really just 5%? Patrick Bet-David breaks down the numbers, explains why the effective cost may be much higher, and explores what the proposal could mean for billionaires, taxpayers, and the state's economy. -------------- 🎟️ SECURE YOUR 2026 VAULT TICKETS: https://bit.ly/4xU2SCW 👕 SHOP LATEST VT MERCH: https://bit.ly/40hqHoi ⚽️ SHOP THE USA 250 COLLECTION: https://bit.ly/4g0bfWY 😆 CHECK OUT VENTING WITH VINNIE: https://youtube.com/live/XTIx7FCjl_8 🦁 SPONSOR THE VAULT 2026: https://bit.ly/4mFBPpw Ⓜ️ CONNECT ON MINNECT: ⁠⁠https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj 🇰 KALSHI: ⁠http://kalshi.com/pbd⁠ SUBSCRIBE TO: @VALUETAINMENT @ValuetainmentComedy ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.