Taxes took 36% of a portfolio over the last 30 years! Ang breaks down Uncle Sam's cut across a century: "It's about 160, 170 bps per year. It sounds small, but you compound that over 30 years, and that results in 36% of your portfolio that just disappears." "This kind of modern era, it's the anomaly. It's not the norm." "If you can go across the century, that Uncle Sam's cut averages about 350 basis points." "The highest one is over 500 basis points, and it's during the 1940s, 1950s."

Taxes push up everyday bills, but reductions are presented as help from government rather than households keeping more of their own money. Watch the full video:

Taxes on unrealized gains wtf wtf You should try to imagine how bad is a financial situation in the world When everyone owns money to each other, it works till trust exists. Trust is broken - you see a cascading issues. Unique opportunities, not many generations had a chance

Taxes screw over both the companies and the states they’re in. Taxes didn’t build those big companies. They show up after the success. They sure as hell didn’t create Silicon Valley. The sky-high taxes came later, once it was already killing it. California basically turned its successful companies into hosts and started parasitically draining them for more and more cash, jacking up the rates year after year. They forget the first rule of parasitism: don’t kill the host. Companies only have so much tolerance before they say screw it and bail for another state with better deals and resources. And that breaking point is a lot lower these days.

More taxes and regulations imposed by Gavin Newsom are pricing Californians out of their own state. The highest gas prices. Sky-high costs. Unaffordable housing. Hidden taxes by unelected bureaucrats. And instead of fixing the problem, Sacramento keeps making it worse. That’s why @RepGallagherCA1 and I led two resolutions to push back against reckless California regulations driving up costs for Americans nationwide. This will reduce costs and save billions of dollars. Read our op-ed in @thehill.