About Banning TikTok and LA's Mansion Tax
March 30th, 2023
1 hr 27 mins 26 secs
About this Episode
In this episode, we explore the heated discussions surrounding TikTok. TikTok CEO Shou Chew faced intense scrutiny from Congress over concerns about user data protection and the company's ties to China. With over 150 million active users in the US, TikTok's potential removal or forced sale has sparked debates about free speech and economic disruption. The Biden administration's stance on TikTok has been inconsistent, and China has voiced opposition to a potential sale. We ask the questions: Is TikTok a threat? Should it be banned?
In the second segment, we discuss the "mansion tax" in Los Angeles. Measure ULA, known as the "mansion tax," is set to impose a transfer tax on property sales above $5 million, with higher rates for sales above $10 million. The tax, aimed at funding affordable housing and homelessness prevention, has prompted millionaire home sellers, including celebrities like Jim Carrey and Mark Wahlberg, to rush to sell their properties before the tax takes effect on April 1.
Join us for these discussions and more on "We're Not Wrong." Support us on Patreon at patreon.com/werenotwrong.