Not only did the billionaire tax fail in California, but prop 42, to amend the California constitution to forbid the introduction of taxes on personal property (investment accounts, art) for the wealthy in the future, backed by greaseball Gavin Newsom, seems to have passed.
We have homeless encampments everywhere. No one equates that to the wealthy making it expensive to live here for their own profits bcz they have money to invest.
Personally, I think this should be a federal tax, not just a California or state tax so that there’s nowhere for the roaches to hide.
Why not both? I have to pay state and federal taxes. So should they.
They’ll just move to a state that won’t. I’m sure they’ve got million retainers with lawyers who are working in this already.
Some will, but many won’t, granted they leave behind a lot of infrastructure, routes anf other facets of how they became so wealthy
This is a pretty notable exception to the blue wave. Newsom seems to be setting himself up as a centrist/independent/republican-lite runner for the presidency-- hoping to siphon off republican voters to his campaign for all the Democrats he loses in the process. This very seldom works. Its always a hail mary and pisses off the Democratic party base.
After this I wouldn’t vote for him if he tries to run. There are much better options
Dems have a habit of screwing over progressive candidates and it’s likely that Newsom is going to be the establishment nominee. Plus Dems have a free walk to up the presidency due to Trump’s corruption and betrayals. I could see a President Newsom and Trump sees that too, which is why he takes so many digs at him.
A protector of billionaires doesn’t work for me any more than the protector of pedophiles. We need an AOC
I’m not advocating for either as much as I’m diagnosing the present party structure and the process by which the democrats choose presidential candidates.
The democrats control who wins the primary through delegates and can coordinate who drops out to prop up their chosen candidate. That’s how we got Biden. Unless structure of the primary changes, there’s no way to create a fair process that a progressive candidate can win.
It hasn’t worked yet.
The only candidates that can siphon Republican votes are other Republicans.
The uninformed voter strikes again!
People have a right to vote, but don’t they also have a right to a good government?
What do the voters’ clothes have anything to do with it?
They wrote “uninformed”, not uniformed.
It’s the same word
I wouldn’t trust this yet, only 62% of estimated votes have been counted so far.
I checked the results 24 and 12 hours ago, and it was then at 60% and 61% respectively. Each time I’ve checked, the gap has been closed by 0.6%.
Weird, only 65% of votes reported.
Fuck it I guess I’ll become a art dealer then the fuck?
Prop 42.
That bill was specific about savings, retirement, and assets. For anyone.
Of course voters wouldn’t want that to be taxed.
It includes things that should not be taxed.
It specifically added items that apply to the average person and they don’t want themselves taxed. It was a sleazy way to get people to vote to protect billionaires from additional taxes.
