Post

Newsome is a ghoul

Wait until you find out what taxes are in the other 49 states.

Low-information Democrats will lap this up. "Wow, Gavin fights the billionaires!" In reality, Gavin is previewing his 2028 strategy: fake populist-talking billionaire tool. (Don't worry, billionaires: President Gavin would never actually push a national billionaire tax)

Here's what's really going on: Gavin Newsom comes out swinging against California billionaire tax www.theguardian.com/us-news/2026...

On the flip side, a creative political brain could exploit this two-faced confusion to push the state billionaire tax. "Even Gov. Gavin Newsom supports a billionaire tax..." Let them fact check the straddle.

Or maybe it's exactly the right position to take. The B-tax HAS to be federal. Musk moved to TX, Bezos moved to FL.

And Thiel moved to Argentina. They're billionaires, they all have multiple properties worldwide, & they're well-enmeshed with oligarchs in Saudi and Russia and Europe and Asia and wherever else. Point is: The Gav could do something tangible for California, & is siding with his rich friends instead.

It's astonishing that people don't realize that the same arguments being made by Newsom about why CA can't do the tax will be made on the national level, if anyone ever gets close to a federal tax. They will obviously say I'm leaving the country, not just CA.

He doesn’t want billionaires and the tax base they control to decamp to other states.

That’s propaganda. He wants billionaire support for his campaign. Don’t be so gullible!

And that same argument will be used in a few yrs for him to oppose a national wealth tax; because his rich friends will promise to move out of the United States.

Yep, you’re right. But we can tax their US based assets.

He is worried that billionaires will move out of the state and that will result in lower state tax revenue for California. If there’s a national billionaire tax, they can’t move out of state to avoid paying it.

The excuse then will be that they'll move out of the country. How do you always have the daftest takes? Is this a bit?

You don’t want anyone to reply to your posts unless they agree with you 100%?

He's probably right.

His claim if Dems ever had the opportunity to pass a federal one will be that they will take their tax revenue out of America.

CA's progressive income tax revenue system has top 5%(earning over 200k annually) responsible for aprox. 70% of CA state income tax revenue funding 40-50% of CA yearly budget. I can see why arguments can be made pro/con the B tax... Time to reimplement a national progressive tax based on net worth

Precisely, and if a state wealth tax is such a great idea why is there no movement in the other 49 states? California has the highest tax in the nation but it's California being attacked, not the 49 lower states.

Do billionaires who live in CA, do they really contribute to CA GDP? The only thing I can think is that he fears billionaires would leave CA. If there was a national billionaires tax, then wherever they move in the US, they would be taxed.

Do you want to raises taxes permanently or are you happy virtue signaling how much you hate billionaires? Wealth taxes are hard to collect. State wealth taxes even harder. And you are taking your eye off the prize, which is blue sweeps to take down Trump. Newsom is not the target. Trump is.

They are not hard to collect. Stick to what you know—whatever that is.

Oh no, all my local billionaires moved to Texas!