CALIFORNIA

@sammystockz

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SoundTikTok sound · original sound - omarcellolessa

Why it worked

The video leverages a controversial political and financial topic (billionaire tax) with a surprising twist (governor voting against his own proposal) to generate engagement and discussion.

Summary

California is considering a bill to impose a 5% net worth tax on billionaires, but Governor Gavin Newsom opposes it, advocating for a national tax instead. Newsom believes the state-level tax is insufficient and proposes a broader national tax on individuals with over $100 million in net worth, to be taxed annually.

Structure

1California's proposed 5% billionaire tax
2Governor Newsom votes no
3Reason: tax doesn't go far enough
4Proposal for a national tax
5Question about likelihood

Product placement

Cointelegraph: appears as a news source watermark. Removing it would not change what happens in the video. X.com: appears as a domain watermark. Removing it would not change what happens in the video. Polymarket: appears as a news source watermark. Removing it would not change what happens in the video. Gavin Newsom: appears as a person in a news clip. Removing him would not change what happens in the video. Mark Zuckerberg: mentioned as a billionaire. Removing his mention would not change what happens in the video. Peter Thiel: mentioned as a billionaire. Removing his mention would not change what happens in the video.

Call to action

What do you think are the odds that this happens?

Original caption

Do you think it will pass? #politics #news #finance

More from @sammystockz

On-screen text

Cointelegraph @Cointelegraph 5% net worth tax on all billionaires 🤯💰 CALIFORNIA Polymarket @Polymarket JUST IN: Gavin Newsom announces he will vote no on California's billionaire tax measure & instead calls for a "national billionaires' tax" GOVERNOR NEWSOM THE VOTING A ME TAX WOULD OF BILLIONAIRES JUST AND TRILLION WEALTH STATE MARK PETER NEWSOM AGAINST HE GO INSTEAD NATIONAL TAX A $100 MILLION TAXED YEAR YOU THIS

Transcript

California will now be voting on a bill to tax all billionaires in the state 5%. But Governor Gavin Newsom who actually proposed the bill said he's voting against it for a crazy reason. Let me explain. So this tax in California would be 5% of the entire billionaires net worth just one time. And this caused over a trillion dollars of wealth to leave the state including billionaires like Mark Zuckerberg and Peter Thiel. But Gavin Newsom said he's voting against the bill because he thinks it doesn't go far enough. Instead he wants a national billionaires tax on anyone with a net worth over 100 million And this would just be taxed every single year forever. What do you think are the odds that this happens?