Josh Altman sounds alarm on California wealth tax, says workers would pay the price

Luxury real estate broker Josh Altman warned that California’s proposed wealth tax could drive a number of billionaires out of the state and trigger a damaging "trickle-down" effect.

"There's about 200 to 250 billionaires in California, more than any other state. However, there are also 40 million people in California, 23 [million] of whom are eligible to vote. If this hits the ballot, there is no way that the billionaires come out on top here, and that's an issue," the former "Million Dollar Listing" star told FOX Business.