You hear about these things, like I want to explain this to people because this wealth tax is important. So They're going to have a referendum in November that would be retroactive to January of this year. And Silicon Valley has a lot of wealthy people and it would be 5% of their wealth. They've already paid their taxes, or at least I assume they did. Right? (16:01–16:07)
CLAIM
Asserts that a referendum on a wealth tax in California will be retroactive to January of the current year.
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.
