Snapshot · PBD Podcast
California's proposed one-time 5% wealth tax on the state's ~250 billionaires is expected to generate $100 billion and has qualified for the November 2026 ballot.
Where this was said
At 42:05 · chapter starts 41:45
Before pivoting to the California wealth tax story, Patrick Bet-David shares two data points. An internal merch report revealed that vtmerch.com has shipped to customers in 116 different countries — far more than the panel's highest guess of 80. Canada, Australia, the UK, Germany, and the Netherlands all rank in the top seven markets. He also shares the results of a live audience poll on homeownership: 42% of viewers bought their first home between 20 and 30; 24% between 31 and 40; 6% above 41; and 27% still don't own a home. The global reach of the audience is used to contextualize the housing discussion, noting the show's data isn't just an American snapshot.
A total of 8 states have filed lawsuits against social media platforms, including an ongoing case in Tennessee, using product liability and public nuisance theories to seek accountability.
France built 56 nuclear plants in the 1970s and now has the cheapest energy in Europe, making it independent of Russian or Middle Eastern energy geopolitics.
Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
The National Endowment for the Preservation of Liberty raised $6.3 million for the Contras but only $3.3 million reached them — a shockingly low 52% program expense rate.
Richard Secord and Albert Hakim marked up their arms shipments to the Contras by as much as 300%, making enormous personal profits from the covert operation.
Lieutenant Colonel Oliver North, tapped to run the entire covert Contra support operation, had no prior experience in covert operations whatsoever — he was learning as he went.
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