California's proposed wealth tax sparks exodus concerns among billionaires and affects state revenue

Name: California's proposed wealth tax sparks exodus concerns among billionaires and affects state revenue
Uploaded: 2026-01-28T17:30:17Z
Duration: 1 min 28 s
Description: Stuart Varney discusses California's proposed wealth tax with luxury real estate broker Josh Altman. Altman vehemently criticizes the proposal, labeling it a detrimental idea that has already driven billionaires out of the state, leading to a significant loss of tax revenue and negatively impacting the hundreds of thousands of people employed by these wealthy individuals.

Varney & Company · FBN · Jan 28, 2026 · 1m 28sSign Up Now

Already a subscriber?

Stuart Varney discusses California's proposed wealth tax with luxury real estate broker Josh Altman. Altman vehemently criticizes the proposal, labeling it a detrimental idea that has already driven billionaires out of the state, leading to a significant loss of tax revenue and negatively impacting the hundreds of thousands of people employed by these wealthy individuals.