Guest:

Ethan Penner, Independent Candidate for Governor

Guest Bio:

Ethan Penner is a prominent investor and finance innovator best known for helping to create the modern commercial mortgage-backed securities market. Now, as an independent candidate for California governor, he’s proposing sweeping reforms—from an audacious flat tax plan to a state-run insurance mutual and a unified solution to homelessness. A thought leader who blends economic insight with a community-first vision, Penner offers a bold roadmap for revitalizing the Golden State.

Show Summary

In this compelling episode, independent gubernatorial candidate Ethan Penner lays out his radical blueprint for a better California. He breaks down his proposal to eliminate all state income and corporate taxes in favor of a single 15% consumption tax—with a built-in “prebate” for lower-income residents to avoid regressive impacts.

Penner also unveils his plan for a public, non-profit property insurance mutual to address California’s insurance crisis, plus his vision to replace the “homeless industrial complex” with one accountable statewide model. He finishes with powerful insights on education reform, including pay-for-performance family incentives, extended school hours, and working around entrenched systems like CTA to honor great teachers.

Whether you agree or not, Penner's ideas will challenge your thinking and spark conversation.

Chapters
00:00 – Ethan Penner’s Bold Tax Proposal

01:46 – Making the Tax Non-Regressive with a Pre-bate

03:51 – Tax Implications for High Earners & Behavioral Impact

06:32 – Audit Spending, Not Income

08:08 – A New Public Insurance Model for CA

11:16 – Rewarding Good Behavior with Premiums

12:54 – Statewide Fire Prevention + Early Warning Systems

14:12 – Fixing the Homelessness Crisis with One Plan

16:05 – Why the Incentive Structure Must Change

17:25 – The Education Crisis: Real Incentives for Families

18:28 – Rethinking Time in School & Homework Support

20:04 – The CTA Barrier and Talking Directly to Teachers

22:22 – Rapid Fire: First Action & Final Thoughts

Connect with Ethan Penner

• Website: https://www.pennerforgovernor.com/
• Instagram: https://www.instagram.com/pennerforca/
• Tik Tok: https://www.tiktok.com/@pennerforca?_t=ZP-8yGvZjgEJGZ&_r=1
• X: https://x.com/pennerforca?s=21

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