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Valuetainment

"An ATTACK On YOUR Assets" - Washington's Wealth Tax EXPOSED As SOCIALIST Seizure

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 5 May 2026

⏱️ 18 minutes

🧾️ Download transcript

Summary

Patrick Bet-David and the panel react to a Seattle AI founder fleeing Washington’s new millionaire and proposed wealth tax, warning that “tax the rich” really means tax everyone, predicting blue‑state exit taxes, and breaking down why today’s intangible assets make capital flight unstoppable.

Transcript

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0:00.0

Well tax, okay? Let's go to the wealth tax because there's something nobody is talking about with the wealth tax that you have to be thinking about, okay?

0:09.4

Seattle AI startup founder says he's leaving over new millionaire tax that's out there.

0:16.4

Rob, if you got the clip here, go for it.

0:18.6

Does it get right into it, Rob?

0:19.7

Go ahead. You can manifest that. That was the clip here, go for it. Does it get right into it, Rob? Or go ahead.

0:21.1

You could manifest that.

0:22.7

That was the culture here.

0:24.8

We had a vibrant startup community.

0:26.7

We had a very supportive startup community.

0:29.2

And the ecosystem worked.

0:33.3

It helped build the companies.

0:35.0

And then for whatever reason, sort of over the last four or five years, we've seen this shift where entrepreneurship is now villainized.

0:43.3

And it's an unfortunate and sad shift.

0:47.3

It's probably the least friendly place to do business I can imagine.

0:51.3

I'm Jesse Proudman, founder and CTO at venice.A.I. We don't want to be out of Washington State.

0:56.0

We love it here, right?

0:57.0

Like, we want to stay, but they're forcing the hands of many people

1:00.0

based on how they're changing the climate.

1:03.0

You've got moderates in the middle,

1:05.0

and conservatives on the right and liberals on the left.

1:09.0

And over time, that liberal perspective has gone farther and farther left.

1:15.3

And the blame for the in the city has become focused on sort of lack of funding.

...

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