California Gov. Gavin Newsom called for a nationwide tax on billionaires as part of a broader “economic reset for America.”
Newsom, who is considered to be a 2028 presidential contender, also reiterated his opposition to a state-level wealth tax that Californians will vote on in November.
He also called for creating a “national public equity fund” to help “ensure every American owns a stake in the future being built by AI.”
I believe, and this is as diplomatic as I care to be, that he is perhaps concerned with billionaires fleeing the state and that a national approach could prevent that.
On the other hand it is more likely that his resistance to the CA tax and cheerleading of a national approach is purely performative as it will simply not happen at that scale, so that his pseudo-progressive veneer isn’t stripped away.
that he is perhaps concerned with billionaires fleeing the state
If they are not paying taxes anyway, why would that even matter?
It’s not that they are providing $0 in tax income, it’s that it’s nearly 0%. It’s still a chunk of change.
I’ve heard that we wouldn’t feel the impact for 25 years.
Even so, kick them out. They can live in beautiful Houston Texas, or sunny Arkansas. Or maybe they will decide paying up is worth the cost of being a resident of California
“I can’t tax billionaires in California, because they’d leave California”
“I can’t tax billionaires nationally, because they’d leave the nation”
“I can’t tax billionaires globally, because they’d leave the planet”
There will never be a finish line in front of which these billionaire-class guardians won’t shuffle their feet, nor a goalpost that they won’t carry further. It’s some real “I’ll release my taxes after I get elected” energy.
once he become president he is going to champion a world billionaire tax and say no to a national one.
he is perhaps concerned with billionaires fleeing the state and that a national approach could prevent that
Not sure about his motivations, but we absolutely cannot be playing states off of one another to see who can bend over the hardest for the Epstein Class.
Fuck that noise.
My thoughts exactly
On the other hand it is more likely that his resistance to the CA tax and cheerleading of a national approach is purely performative as it will simply not happen at that scale, so that his pseudo-progressive veneer isn’t stripped away.
The idiots, aka 99%of voters, will only remember him promoting the national billionaire tax.
wasn’t this asshole against the billionaire tax in California?
What an absolute fucking snake. He’s been opposing the billionaires tax in Cali and now he wants to say it should be national where there is no chance of passage?
Fuck this guy.
This asshole brought on Sharpio and other right wing grifters to agree with on his podcast but won’t talk to real leftists.
I’ve totally soured on his bullshit. It’s all just an intern clapping back at Trump in Twitter, otherwise this is just Hillary Clinton in a man’s body.
Business corporate Democrat to the core.
Perfect democrat performative politics bullshit. It’s on the ballot in CA and he fought it the whole time lol
Take the L Gavin
Too little too late for Newsome. He’s had plenty of years to talk up a rich tax. Dude is capitalizing on the rhetoric. Like thanks but no thanks bud. We don’t need a yes man. Need someone with actual ideals
So he’s against the state level one that actually has a chance of passing, but for a national one that has zero chance, neat.
How brave to insist one something he can’t deliver until after he is voted in as pres. I’d be more inclined to believe him if he actually supported the CA wealth tax
He is a 2 faced centrist, family friends with Pelosi. He wont do it.
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Crushes it in his state and then pretends to support it nationally. All with what time he has to spare from praising Israel, of course.
Because he knew it would pass in California but likely fail nationwide.
Californians are proposing a billionaire tax and he promised to veto it.
Also, we don’t want a stake in AI. We want to burn it to the fucking ground because it’s ruining everything right now.
Newsom is such a duplicitous motherfucker.
I don’t want any stake in the future being built by AI because I don’t want the future being built by AI
I think Gaven Newsom should have all of his possessions thrown away.
I don’t believe this asshole.
