Proposed minimum wage: $7.25 → $25/hr
Senator Chris Murphy introduced legislation to raise the federal minimum wage from $7.25 to $25 per hour, equating to a $50,000 annual salary.
Snapshot · PBD Podcast
Newsom’s Billionaire Tax, Iran War Escalates & Israel Acknowledges Genocide | PBD Podcast #825
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Jun 29, 2026
Where this was said
Kalshi Odds on Billionaire Tax Passing
At 29:21 · chapter starts 27:40
Patrick briefly pivots to Kalshi's real-money prediction market, where the odds of California's billionaire wealth tax passing have crept back up toward 40% with over half a million dollars traded. Tom's read is stark: affordability anxiety baking through a California summer will drive a populist wave that carries the tax across the finish line. Patrick's logic is simpler — the tax directly targets only 216 to 246 billionaires in the state, so the ordinary voter calculating their own interest has no personal stake in opposing it. The segment underscores how politically easy it is to tax a small number of very visible, very wealthy people, regardless of the downstream economic consequences.
California billionaire tax passing odds: ~40%
Prediction market Kalshi showed roughly 40% odds of California's billionaire wealth tax passing, with over $524,000 in volume traded.
Similar snapshots
$13K MRR with $0 marketing spend
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
1 million website visitors total
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
90% of Google traffic from free tools
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Sold first SaaS for $250,000
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
$500K total revenue since launch
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
SiteGPT LTV ~$1,700–$1,800
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
50,000 monthly visitors
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT reached $10K MRR in month 1
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Stuck at $2K MRR despite downloads
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
