fragmented and they have a different voting system. So it's possible that the next governor of California could be a Republican. But if it's not Steve Hilton, is there a time when Chamath says I'll step up and do that because I would very much love to see him in the leadership role. I would back that hard.

Well, speaking of other Californian stuff and Chamath is also weighing in on this pretty hard. So Ro Khanna, one of our representatives in California, who normally is what we would consider a more reasonable Democrat than other Democrats. I obviously don't agree with everything that Ro Khanna wants, but you usually think of him as well-considered and not crazy biased. He could for example work with Thomas Massie on the Epstein stuff because that's just sort of an independent good thing to do. But Ro is backing this idea of a wealth tax on billionaires in California. And the idea is that billionaires above a certain level of billions would have to give up 1 percent of their net wealth every year for five years. So it'd be 5 percent by the time they were done. Now this is wealth that they had already paid taxes on. You could argue that point, but there's no precedent for this. There's a precedent for income taxes and there's a precedent for taxing rich people more. But there's no real precedent for just taking their money after they made it, just saying hey you have too much money so we're going to take some of it.

Now this is surprising because this is probably one of the worst ideas I've ever heard. And my impression of Ro Khanna is that not only is he more often than most has an independent view of things, but he's not stupid, right? When you see him it's not like you're looking at Swalwell. It's not like he's, you could name, he's not Jasmine Crockett, right? He's genuinely a smart, reasonable person, but somehow the smart reasonable person is going all in on the dumbest thing I've ever seen in my life.

So as you might imagine several billionaires are already quite obviously getting ready to leave the state. And what would happen if our most capable people left the state? Well we lose all of that base. They would probably do the investing in other states, etc. Because you wouldn't even want to invest in the state. You wouldn't want to have anything to do with it because it'd be like doing business in China if you could turn California into a China problem. It's like why would you ever build something in China? They're just going to steal it anyway. Russia too. One of the reasons that Russia isn't going to get a lot of external investment is that you think the Russians will just steal your business if it does well, and they would. So why would you stay in California when you see something this extreme that's being pushed against the most successful entrepreneurs?

So and I often joke because Ro Khanna talks about income inequality and you know you have to do something about that income inequality and it's not fair. I always joke, but I'm not joking, that fairness is a word that was invented so that childre