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.”
Couldn’t even win Florida wearing those flip-flops.
Millionaires too, but we can start with the billionaires and up. It would be nice if we could replace capital gains with a system that actually taxes their assets rather than what they get when they sell those assets, but that’ll never fucking happen
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.
Trump~ “No more wars!”
Biden~ “Higher minimum wage!”
Trump~ “I will build a wall!”
Obama~ “Universal healthcare!”
Bush~ “Christ is in my heart!”
Clinton~ “Universal healthcare!”
What stands in their way is the federal tax code, a corporate code, and an inheritance code
Not that Prop 13 is Newsom’s doing, but it’s kind of rich hearing that from the governor of a feudal state with landed gentry. For those not in the know, Prop 13 allows a person to buy a house and pay a low property tax for the duration of their ownership. This low rate is reset when selling the house, but it is transferable to offspring. It’s an actual law that creates a class of property-owning elite. The kind of NIMBYs who pay nothing to their community while voting down new housing or anything else that would threaten their property value.
Hey Gavin! Remember that time you sat down with fascist Charlie Kirk and threw trans athletes under the bus? Yeah… I remember that you asshole. Fuck you and yours forever.
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
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.
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.
Perfect democrat performative politics bullshit. It’s on the ballot in CA and he fought it the whole time lol
Take the L Gavin
I understand it not being a CA only issue. It is a national issue.
It is much easier for billionaires to move their money from state to state that out of the country.
Musk abandoned CA because TX will give him everything he wants and never tax him. The US desperately needs wealth taxation and more progressive property taxation.
Yes, but if you are serious about it, you do what you can as you can. He’s fighting it in CA and he’d fight it in DC too. If he were elected he’d suddenly push it a little further away. “I’ll do it at my next term. I need to set up this framework first.” Or something, and then there would always be more “work to be done beforehand” and he would never do it.
The reason we have trump, is the racist magats, but the reason we couldn’t fight them properly and keep them out, is newsom politicians and his buddies.
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.
Yeah, you’re not gonna get your credibility with me back, bud.
I don’t believe this asshole.
This bowl of fuckwit oatmeal is going to be the DNC nominee for prez, isn’t he? We are soooo fucked!
Can someone just nuke us or slam a gigantic meteorite into us? Just end it already, I’m tired of suffering under these fools and mouth-breathers.
Asteroid availability scan complete: one can be hurled your way now, will you be home to sign for delivery in 16 million years?
😂🤷🏻♀️
