Government Overreach? Why California’s Billionaire Tax Is Pushing Top Taxpayers Out | Elaine Culotti
Podcast: The Daily SignalPublished On: Tue Jan 27 2026
Description: It is starting to look like California may be separating people from their personal property and taxing that property through search and seizure, argues Elaine Culotti, a Daily Signal California contributor, in today’s special video commentary on the Golden State’s impending billionaire tax. “ There are 17.5 million people out of 40 million people that pay taxes in California. The top 2% or 1% or half a percent—200 guys—pay 47% of those taxes. If you create a wealth tax on those people, they are sure to leave, and it's not because of the 5% you're trying to charge them. People do not want to disclose their assets. They deem it unsafe, invasive, overreaching government, and unconstitutional. Taxation without representation.” 👉For more videos like this, subscribe to The Daily Signal’s YouTube channel and enable notifications to be alerted the second a new video drops: https://www.youtube.com/dailysignal?sub_confirmation=1 Learn more about your ad choices. Visit megaphone.fm/adchoices
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