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Why Billionaires Don’t Owe California Anything

Why Billionaires Don’t Owe California Anything

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

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