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Not only has Gov. Gavin Newsom vocally opposed the proposed California billionaire tax, but he also wants to prevent the state from ever passing a wealth tax in the future.

On Friday he endorsed Proposition 42, a ballot measure that would cancel out Proposition 40, the proposed billionaire tax. Prop. 42 would prohibit retroactive taxes like the one-time 5% tax on assets that would apply to any billionaire who lived in California on Jan. 1, 2026 if Prop. 40 passes.

But Prop. 42, funded and placed on the ballot by billionaire and Google co-founder Sergey Brin to defeat the billionaire tax, also would go further, by banning any new taxes on personal property.

That includes pensions and 401K accounts before retirees start drawing retirement income from them. It also includes other investments, financial assets, business holdings, art collections and all other forms of personal wealth that would be affected by the billionaire tax or any future wealth tax.

Newsom’s decision to support Prop. 42 runs counter to his own Democratic Party and some labor unions. It also aligns him with some of the wealthy tech donors with whom he’s maintained longstanding relationships dating back to his days as mayor of San Francisco.

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[-] Yuccagnocchiyaki@lemmy.world 26 points 6 days ago

With moves like that, we all KNOW the Dems are going to hold all of the rich pedophilic traitors responsible for their illegal actions FOR SURE!

I mean, he won't tax them, but he will DEFINITELY arrest them, and have them convicted and imprisoned FOR SURE

With all of the illegal actions and stealing of our cash, the DEMS will DEFINITELY hold the tech bros responsible for their pedophilic and traitorous actions! Nevermind that the dem leadership is ALSO PAID BY THIEL. They will hold musk and co responsible and imprison them FOR SURE

Just keep voting for Dems and you will be able to beat those random two (or 6) that flip at key votes. If you vote a little harder for Democrats, they will be able to defeat the parliamentarian when they have the votes.

Nevermind that the Democrats have NEVER restored any benefits or programs that Republicans have cut (they had the votes in '96 and didn't, Newsome could have done universal healthcare and he didn't)

ITS TIME FOR SOMETHING ELSE. NO MORE FASCISM

[-] adjectivenoun@lemmy.world 11 points 6 days ago

Voting strategically for the least bad candidate presented by the two major parties is the only thing that has been shown to work. It's how we have the DSA candidates in government that we actually have. None of them have ever won by running as a third party. Not a single one.

Which is why it's so important to turn out during the primaries. Make sure Gavin isn't the candidate by voting for candidates you actually like during the primaries. If he wins the nomination, and I sure hope he doesn't, I'd still vote for him over JD Vance or whatever sick fascist wins the GOP nomination. That's how it works.

[-] kestrel7_7@lemmy.world 11 points 6 days ago

I’d still vote for him over JD Vance or whatever sick fascist wins the GOP nomination.

You would, I would, but the 2024 election showed that this doesn’t speak to enough voters to win. If the Democratic Party leadership doesn’t act on that info, I’m not sure what to do

[-] Rekorse@sh.itjust.works 5 points 6 days ago

That doesnt work because always being the side that compromises means you lose ground every time.

[-] adjectivenoun@lemmy.world 2 points 6 days ago

The solution to this is electing politicians who promise not to compromise during primary season, NOT allowing your political enemies to win general elections. Even in a worst case scenario where your candidate is prancing around saying, "I love compromise!", it's still preferable to have a candidate who supports 50% of what you want than one who wants nothing you want and everything you don't.

[-] Semi_Hemi_Demigod@lemmy.world 2 points 5 days ago

The solution to this is electing politicians who promise not to compromise during primary season

The person I voted for in the primary has won the general exactly once in my 26 years of voting and that person was Fetterman.

[-] HeyThisIsntTheYMCA@lemmy.world 2 points 6 days ago

don't forget running for office yourself. you can make a really big positive difference in local politics

[-] Semi_Hemi_Demigod@lemmy.world 2 points 5 days ago* (last edited 5 days ago)

My dad had that idea and he got roped into a position where he has no power and just receives complaints. He's not running for reelection.

[-] HeyThisIsntTheYMCA@lemmy.world 1 points 5 days ago

Yeah, if you stick with it you end up having a project or two you're proud of and a lot of constituents who are upset no matter what you do. I swear being upset is some people's hobby (is there a club I can join for that or something? No I'm not going to law school)

[-] adjectivenoun@lemmy.world 2 points 6 days ago

Forgive my oversight. Running for office yourself is certainly one of the best things you can do.

There are a bunch of other actions you can take, of course. Phonebanking, doorknocking, etc. And once whoever wins assumes office, call them every day.

[-] HeyThisIsntTheYMCA@lemmy.world 2 points 5 days ago

Nothing to forgive. Just I would love it if there were more like-minded people getting personally involved (it's kind of one of my hobby horses). Purely selfish reasoning too, I want to make it easier for my mutual aid network to function and get funding.

[-] kreskin@lemmy.world 3 points 6 days ago* (last edited 6 days ago)

great but he cant win. Dems will just sit on the couch if he runs, same as with Harris.

[-] UnderpantsWeevil@lemmy.world 9 points 6 days ago* (last edited 6 days ago)

Voting strategically for the least bad candidate presented by the two major parties is the only thing that has been shown to work

It hasn't worked. It gave us Clinton, the OG Epsteincrat. Then it gave us a string of loser shitlibs who caved to fascism at the first shove. And a long string of corporate cutouts - from Biden to Lieberman to Manchin to Fetterman - who only knew how to obstruct from within the Democratic party.

This strategy is why America is the only country in the industrial world without a public health care policy. It's why we have exploding student debts and a housing crisis. Neoliberalism is a curse.

[-] hr_@lemmy.world 2 points 6 days ago

Not trying to be pedantic but the housing crisis is not specific to the US, it's a problem that exists in a lot of the Western world. The leave the other two as special US issues along with gun violence, incarceration rates along with a whole string of other issues that are American exceptionalism.

[-] UnderpantsWeevil@lemmy.world 1 points 5 days ago

the housing crisis is not specific to the US, it’s a problem that exists in a lot of the Western world

The US expanded it's housing model to the rest of the world. The concept of a mortgage - a lifelong debt to some faceless creditors for the privilege of not being homeless - is recent and local. And the hyper-financialization of these debts, resulting in exploding administrative costs, is even more recent and local.

It's a creature of the American economy that has been spread by American banks for the purpose of juicing American profits.

[-] hr_@lemmy.world 1 points 3 days ago* (last edited 3 days ago)

You should look into serfdom or feudal land tenure if you think mortgages are something new. They're just an iteration of a system that has existed for a long time. Also, unsurprisingly, mortgages exist pretty much everywhere. The financialization of them might be more of a US problem indeed but the other points stand.

[-] UnderpantsWeevil@lemmy.world 0 points 3 days ago

You should look into serfdom or feudal land tenure if you think mortgages are something new.

Serfdom was a consequence of Land Barony, which became a formal process of effectively robbing peasant farmers at swordpoint. Land tenure was a consequence of Enclosure, which was a formal fencing off of public grazing lands by these same land barons. Both of these were prerequisites for the eventual advent of mortgages. But they required a lot more direct application of armed goons. And they were designed to expel native peoples to clear the way for settlers.

Mortgages are a debt vehicle used to move settlers onto seized land, not a military occupation designed to force native people off of it.

Also, unsurprisingly, mortgages exist pretty much everywhere.

Post-WW2 US Hegemony cast a long shadow.

But you see mortgages in places where native people have been expelled, land has been enclosed and financialized, and new settlers have been ushered onto the land under debt peonage. Native people who have held onto their lands don't pay mortgages. They have no one to pay mortgages to, because nobody else has title to their property.

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[-] ayyy@sh.itjust.works 3 points 6 days ago

Voting strategically for the least bad candidate presented by the two major parties is the only thing that has been shown to work.

When has this ever worked?

[-] Semi_Hemi_Demigod@lemmy.world 2 points 5 days ago

Voting strategically for the least bad candidate presented by the two major parties is the only thing that has been shown to work.

If this is the system working then the system is bullshit.

this post was submitted on 10 Oct 2026
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