California’s Billionaire Tax & Global Hot Spots 10/28/26

California voters will decide next week whether to impose a one-time 5% tax (cnbc.com/2026/10/22/california-proposition-40-…)on residents worth more than $1 billion. Paris School of Economics Professor Gabriel Zucman joins to advocate for the proposal while Stanford’s Joshua Rauh explains why it will generate far less revenue than projected. Former U.S. Ambassador to NATO Kurt Volker breaks down the pockets of unrest (cnbc.com/2026/10/24/france-paris-protests.html) around the world: Houthis in Yemen (cnbc.com/2026/10/25/saudi-arabia-houthi-missil…), protests in Europe, and the ongoing war in Ukraine. The Israeli elections (cnbc.com/2026/10/28/israel-election-netanyahu-…) still have no clear winner, and Amb. Volker warns that it may be some time before results are declared. Plus, GM is planning to roll out new hybrid vehicles, and Sam Altman is warning the public about cybersecurity risks exposed by AI

Zucman/Rauh - 13:22
Volker - 31:55

In this episode:
Gabriel Zucman, @gabriel_zucman (x.com/gabriel_zucman)
Joshua Rauh, @joshrauh (x.com/joshrauh)
Kurt Volker, @kvolker (x.com/kvolker)
Joe Kernen, @JoeSquawk (x.com/JoeSquawk)
Becky Quick, @BeckyQuick (x.com/BeckyQuick)
Andrew Ross Sorkin,@andrewrsorkin (twitter.com/andrewrsorkin)
Katie Kramer, @Kramer_Katie (x.com/Kramer_Katie)

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