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The Culture War Podcast with Tim Pool

Democrats New Tax BACKFIRES, Wealthy ALREADY FLEE To Republican States

The Culture War Podcast with Tim Pool

Timcast Media

News, Society & Culture

4.3825 Ratings

🗓️ 12 March 2026

⏱️ 26 minutes

🧾️ Download transcript

Summary

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Host: Tim Pool @Timcast (everywhere)

Guest:

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Transcript

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0:00.0

Washington has passed their wealth tax and already the ultra wealthy are leaving. And it's funny to see

0:07.3

the cope and the seeth from these progressives who have advocated for higher taxes on the assets of

0:14.1

individuals resulting in them leaving the state. Now in this instance, this is an income tax,

0:20.2

actually on the money these people are

0:22.7

bringing in. Apparently, it's one of the first times, if not the first time Washington has actually

0:26.0

done this. And we are seeing it now in every major blue state. California, massive budget deficit,

0:34.3

trying to tax the rich. New York, trying to pass a wealth tax, massive budget deficit. They have tried over and over again to explain to people that we must tax the rich and it doesn't work. We are now experiencing what is called the wealth exodus from these big blue states. And what's happening? Well, the individuals who once backed these progressive causes

0:57.0

are running away and refusing to get behind them.

1:00.1

Why?

1:00.5

Because they don't want to pay for other people's stuff.

1:03.8

In response across social media,

1:05.5

leftists are making excuses to why this will be totally fine,

1:08.3

citing states like Massachusetts

1:09.5

where they tax the rich,

1:11.1

and they actually made more millionaires. Because they don't seem to understand that that's called

1:16.3

inflation. When you tax an individual who has no choice but to stick around, he's going to

1:21.8

increase costs. So at the same time, you're saying, look, they raise taxes and now there's more

1:26.2

millionaires. Wouldn't that be a problem for your progressive ideology because you want there to be

1:30.8

less millionaires?

1:32.1

The issue is this.

1:33.3

When you increase taxes, you increase costs.

1:35.7

People are either going to leave or they're going to raise prices to accommodate and then

...

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