What People Get Wrong About California’s Billionaire Tax | Newsom’s Former Chief of Staff Explains

In this highlight from 13th & Park, Jim Deboo, former Chief of Staff to Governor Gavin Newsom, breaks down the debate surrounding California’s proposed billionaire tax and what it actually means in practice. While the idea is often framed as a straightforward way to generate revenue, Deboo explains the underlying political dynamics, the challenges of implementation, and the potential unintended consequences that could reshape California’s economic landscape. From capital movement to policy design, the reality is far more complex than the headline suggests. The conversation offers a rare insider perspective on how major policy decisions are evaluated at the highest levels of state government, and why proposals like this often carry tradeoffs that aren’t immediately visible to the public. Watch the full episode here: https://youtu.be/WI8pQ60dhOs Listen to us on Spotify: https://open.spotify.com/show/2yqqjgPtA7NR2cJewPqbNQ?si=e9df5028fc0e4dd9 Listen to us on Apple Podcasts: https://podcasts.apple.com/us/podcast/13th-park/id1645880081 Follow Jim Deboo! X: https://x.com/JimDeBoo LinkedIn: https://www.linkedin.com/in/jim-deboo-58314185/ Follow Us! X: https://x.com/13thandPark IG: https://www.instagram.com/13th_and_park www.ballardpartners.com About 13th and Park: 13th and Park is a dynamic media platform produced by Ballard Partners. We bring you insightful discussions, expert interviews, and in-depth analysis on key issues shaping industries, policy, and business trends. Our content features thought leaders, industry experts, and policymakers exploring topics ranging from policy influence, business innovation, trade regulations, and more. Subscribe to stay updated on the latest videos, exclusive interviews, and expert insights shaping the future of business, policy, and public affairs. #CaliforniaPolitics #GavinNewsom #Sacramento #PoliticsPodcast #PublicPolicy #Elections #13thAndPark