Paper Wealth and Liquidity Problems

This is The Briefing, a daily analysis of news and events from a Christian worldview.
Part I (00:14 – 13:12)
The Morality of Taxes: California’s Proposed Wealth Tax on Billionaires Raises Big Questions About the Morality and Pragmatic Limitations of Taxation

• What to Know About California’s Proposed Tax on Billionaires by The New York Times (Laurel Rosenhall)
• California will miss billionaires when they’re gone by The Washington Post (The Editorial Board)

Part II (13:12 – 20:41)
Once Upon a Time in California’s Economy: The Proposed Wealth Tax is Big Trouble for Billionaires, and the Entire Economy of California is in Big Trouble If This Passes
Part III (20:41 – 24:05)
Breaking Up with California is Hard to Do: The State’s Tax Law Makes Leaving Almost as Difficult as Staying

• The Hardest Part About Being a Billionaire in California: Proving You Left by The Wall Street Journal (Laura J. Nelson and Juliet Chung)

Part IV (24:05 – 28:01)
Render Unto Caesar What is Caesar’s and to God What is God’s: What’s at Stake?
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