Daily Transmission - The Irony of the Billionaire Beast

One on One Video Call W/George https://tidycal.com/georgepmonty/60-minute-meetingSupport the show:https://www.paypal.me/Truelifepodcast?locale.x=en_US📌 Receipts California’s Billionaire Tax Proposal• California’s controversial wealth tax proposal leaves billionaires with little way out - CNBC : Details on the proposed one-time 5% tax on net worth over $1 billion.• California’s proposed Billionaire Tax Act ballot initiative - PwC : Overview of the ballot measure, including phasing and revenue estimates.• 25-0024A1 (Billionaire Tax) - California Department of Justice : Official text of the proposed initiative, including tax rates and billionaire effective tax comparisons.• Expert Report On The California 2026 Billionaire Tax: Revenue, Economic, and Constitutional Analysis : Economic analysis from UC Berkeley on the tax’s structure and impacts.California Budget Deficit• First Look: Understanding the Governor’s Proposed 2026-27 California Budget : Breakdown of the projected $2.9 billion deficit and spending priorities.• Governor Newsom announces proposed budget that refills the state’s “Rainy Day Fund,” protects previous accomplishments, and makes historic investments in education : Official state announcement on the $348.9 billion balanced budget proposal.• Gavin Newsom forecasts a rosier California budget and banks on AI boom continuing : Analysis of the “modest” $2.9 billion deficit and education spending increases.Tech Industry Tax Avoidance• ‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years - The Guardian : Report on tax avoidance by Amazon, Meta, Alphabet, Apple, and others.• The Spotty International Tax Record of Big U.S. Technology Companies - Council on Foreign Relations : Discussion of foreign profit shifting by tech giants like Apple and Microsoft.• Fifteen Companies Each Avoided More than $1 Billion in Taxes from a Single Trump Tax Cut – ITEP : Examples of tech firms like Meta and Microsoft benefiting from tax loopholes.• Silicon Six: Three ways to close big tech’s enduring tax gap - Fair Tax Foundation : Strategies to address ongoing tax avoidance in the tech sector.Gig Worker Protections (Prop 22)• Gig work: No one’s enforcing Prop. 22 in California - CalMatters : Critique of Prop 22’s implementation and lack of enforcement for pay and benefits.• 2020 California Proposition 22 - Wikipedia : Summary of the ballot measure classifying gig workers as independent contractors.• Prop 22 Depresses Wages and Deepens Inequities for California Workers - National Equity Atlas : Analysis showing lower effective wages for rideshare drivers under Prop 22.Property Taxes (Prop 13 and Commercial Properties)• How Prop. 13 gave California’s richest corporations a multibillion-dollar tax break they didn’t want - CalMatters : Explanation of how Prop 13 benefits large corporations with outdated assessments.• Proposition 13 - LA County Assessor : Official overview of Prop 13’s 1% tax limit and assessment rules.• California Property Tax: An Overview - Board of Equalization : Details on Prop 13’s impact on real property taxes since 1978.Homelessness Crisis• California sees drop in unsheltered homelessness, bucking national trend and federal headwinds : State report on a 9% drop in unsheltered homelessness in 2025.• Homeless Population by State 2026 - World Population Review : Statistics showing California’s ~161,548 homeless population, highest in the U.S.• California’s Response: Facts About Homelessness - California Health Care Foundation : Data on 339,087 experiencing homelessness in 2023, with demographics.School Funding• Financing California’s Public Schools - Public Policy Institute of California : California’s ranking as 16th in per-pupil spending, up from lower historical ranks.• Per Pupil Spending by State 2026 - World Population Review : National comparisons, with California at ~$14,840 per pupil.• K-12 Education Spending Spotlight 2025: Annual public school spending nears $1 trillion - Reason Founda...