Why Billionaires Don’t Owe California Anything

https://www.youtube.com/watch?v=3T3Zekd7xfE Podcast audio: In this episode of the Ayn Rand Institute podcast, Robertas Bakula and Onkar Ghate discuss California’s Billionaire Wealth Tax proposal. California’s budget and welfare crisis Challenging the "fair share" narrative Injustice of retroactive taxation Productive ability vs. the welfare state The role of business visionaries This episode was recorded on March 19, 2026. Image credit: Patrick T. Fallon / AFP / via Getty Images