Podbit · PBD Podcast

Newsom’s Billionaire Tax, Iran War Escalates & Israel Acknowledges Genocide | PBD Podcast #825

Explore episode Jun 29, 2026

Business

Newsom's National Billionaire Tax Targets the Middle Class

Newsom’s Billionaire Tax, Iran War Escalates & Israel Ackno… · Jun 29, 2026 Business

Gavin Newsom's proposed national billionaire tax doesn't just target the ultra-wealthy — it kicks in at $155,000 for individuals and $255,000 for households, the top 10% income threshold. If you live in LA or Manhattan at those numbers, you're broke after taxes. Newsom caved to DSA pressure immediately after the New York primaries swept in three socialist candidates.

Where this was said

Intro, Announcements & 4th of July Sale

At 11:00 · chapter starts 0:00

Patrick Bet-David kicks off PBD Podcast #825 with his signature teaser monologue, rattling through a packed agenda that spans Gavin Newsom's national wealth tax pivot, Iran's Strait of Hormuz drone attack, Israel's Armenian Genocide recognition, Chris Murphy's $25 minimum wage proposal, Mamdani's DSA momentum, the Citizen Vigilante film, and more. Before diving in, he devotes several minutes to the show's 4th of July promotion: the first 200 customers placing orders receive a limited-edition Golden Valuetainment water bottle, items in the Value Plus clearance section are discounted up to 70%, hats come with a buy-one-get-one-50%-off deal, and all five course bundles — normally valued at $7,000–$8,000 — are bundled for $1,000 this weekend only. The first 50 orders over $1,000 earn a personal FaceTime call from the team, and anyone spending over $2,000 is entered into a raffle to appear as a guest on the PBD Podcast, complete with a dinner at Casa D'Angelo the night before.

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