Gavin Newsom is definitely going to for president.
And this is what he’s doing to build his campaign- criminalizing homelessness, building alliances with far right speakers, vocally expressing his concerns about trans people, and making sure that the ownership class knows that he’s on their side.
Cant fucking wait to vote for the Democrat’s Newsom/Cheney ticket in 2028.
The amendment defines Retirement holdings, individually-owned assets, and other forms of personal savings to include “pensions; retirement accounts, including but not limited to 401 (k) accounts, 403(b) accounts, and all other individual retirement accounts; mutual funds; and all personal property, whether tangible or intangible, including but not limited to financial assets, investment accounts, business interests, digital assets, intellectual property, personal belongings, and other assets used to produce or collect income or savings for retirement or financial planning.”[1]
The initiative contains a competing measures provision stating that, if this initiative receives more votes than the competing measure, it would prevail in its entirety over any other measures on the 2026 ballot related to taxing personal assets.[1]
So it’s outlawing taxes on any form of property. Yep, the prop name about retirement accounts and format is totally a lie to prevent a billionaire tax.
Good! When I open my “Torch and Pitchfork Emporium” they won’t be able to tax me while I am helping the citizens bring about their downfall! /s
Watch out for this one, as well. This is a potential proposition which claims to be protecting your retirement savings. In actuality, it exists to protect the assets of the wealthy.
Oh that’s fucking shady. It opens with retirement but you read more and it’s basically saying you can’t tax anyone who owns anything, including things like business or stocks.
Ugh I bet it passes, props are a mistake when the population is so ill informed.
Yeah, I think this would cancel out the billionaire tax.
When the income tax started, it was supposed to only apply to the wealthy. Roughly 100 years later, Warren Buffet infamously said that he paid a lower tax rate than his secretary. So much for that.
There’s very little reason to believe a wealth tax would be any different.
