https://www.youtube.com/watch?v=3T3Zekd7xfE




Podcast audio:







In this episode of the Ayn Rand Institute podcast, Robertas Bakula and Onkar Ghate discuss California’s Billionaire Wealth Tax proposal.




California’s budget and welfare crisis



Challenging the "fair share" narrative



Injustice of retroactive taxation



Productive ability vs. the welfare state



The role of business visionaries




This episode was recorded on March 19, 2026.



Image credit: Patrick T. Fallon / AFP / via Getty Images