And you're right, they're doing it for social engineering, they're doing it for social welfare programs, and the weather's a lot nicer as a matter of fact, look at the California wealthiest. But look at the California wealth tax, Sean. They want to do unrealized gains, 5% tax. And it's not just on billionaires. It's written in a way that will apply to an awful lot of people. Why are they doing that? They're doing it so that they can funnel the money to the public employee unions, like the teacher unions that run that state. (04:18–04:27)
CLAIM
Asserts that California's proposed wealth tax on unrealized gains would affect many people, not just billionaires.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
