# The Truth About Taxing the Rich: Deficits, Migration, Fewer Jobs

Page: https://stenobird.com/podcast/john-stossel-on-odysee-5955553/the-truth-about-taxing-the-rich-deficits-migration-fewer-jobs
Text version: https://stenobird.com/podcast/john-stossel-on-odysee-5955553/the-truth-about-taxing-the-rich-deficits-migration-fewer-jobs.md
Podcast: [John Stossel on Odysee](https://stenobird.com/podcast/john-stossel-on-odysee-5955553)
Published: 2026-04-07T11:30:35+00:00
Episode link: https://odysee.com/the-truth-about-taxing-the-rich:1d75c1c2bf70102a30a3a3977aa32c301831b4f6
Audio file: https://player.odycdn.com/api/v3/streams/free/the-truth-about-taxing-the-rich/1d75c1c2bf70102a30a3a3977aa32c301831b4f6/ee74fe.mp4
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/john-stossel-on-odysee-5955553/episodes/the-truth-about-taxing-the-rich-deficits-migration-fewer-jobs
Duration seconds: 393

## Resource

"Tax the rich!" is popular. But don't politicians realize, in America, people can MOVE? _ _ _ _ _ _ To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe-form _ _ _ _ _ _ Washington state just passed a "millionaires' tax." Starbucks billionaire Howard Schultz already announced his move to Florida. You'd think politicians would learn, but no. California politicians now want an extra 5% tax on billionaires' wealth. “The benefit,” say activists, “is going to outweigh a couple people moving out of the state.” But California has already lost billions in taxes because so many people (and companies) left. If they pass their new tax, they'll lose more. “When people are not well treated, they’re gonna’ go elsewhere” argues Steve Forbes. I push back: "You're just a rich guy who wants to protect his stuff." "I may have done well in life," says Forbes, "But what I want is a world in which … ALL people have a chance to improve their lot in life." The video above explains why taxing the rich makes life harder for everyone, even the poor. ... https://www.youtube.com/watch?v=Z_U6_8Cm4_g

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/john-stossel-on-odysee-5955553/episodes/the-truth-about-taxing-the-rich-deficits-migration-fewer-jobs/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/john-stossel-on-odysee-5955553/the-truth-about-taxing-the-rich-deficits-migration-fewer-jobs.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.