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He's just reading the room and sees it's popular now.
It's worse, this is Nixon and the EPA all over again.
Or Obamacare even.
They know it's unavoidable, and if they don't act something effective might finally happen.
So the oligarchs will pass something that says "tax billionaires" but absolutely no one will fall under it. When a progressive runs on "tax billionaires" everyone will point to this do nothing bill and say it's already done.
Taking the wind out of the movements sails...
I'd like to say this shit should be obvious, but it's clearly not for most people.
I’d like to say this shit should be obvious, but it’s clearly not for most people.
Its almost as if decades of attacking education and critical thought was the first step in destroying our democracy or something.
He’s not even proposing a wealth tax, his suggestion is literally toothless because it focuses on taxing income of billionaires more, which we already know doesn’t work because they don’t make an income.
Then he should endorse opposition to this: https://ballotpedia.org/California_Prohibit_Taxes_on_Retirement_Holdings_and_Personal_Savings_Amendment_(2026)
Fuckers are now trying to add it to California Constitution so no wealth tax would be possible anymore.
Please don't let this guy be who ends up on the 2028 ticket.
Democrats just be opening the door for Republicans every election since 2016
And then they are surprised to be called controlled opposition.
The DNC will pull every trick in the book to make sure it's him and not a progressive... Then he'll pick a right-wing running mate and liberals will claim any criticism is enabling whatever Nazi Vampire the GOP puts forward.
What do you MEAN he DOESNT want to? He SAID he did and that's WAY MORE PROOF then him LITERALLY trying to BLOCK Legislation in his State to Tax Billionaires!
He was married to Kimberly Guilfoyle, who was Don, Jr.'s concubine for a long time. They're all peas in the same pod. He's a Manchurian MAGA.
a guy who looks like a sleazy wall street exec, car salesman or television producer doesn't want to tax rich people?????
i never would have guessed!!!
at his best he still looks like an aging patrick bateman.
a big difference between 30+ years ago and now is that the lizards can't hide their tails; clinton and bush looked like normal american men; this dude just walked out of the bourgeoisie salon and has likely memorized his stylist and publicists cell numbers but probably can't remember the name of his sons/daughters.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.
Fuck newsom in general, but I could see a rational argument that the tax should be national to prevent billionaire Californias from moving to the Nevada side of Lake Tahoe.
And if he's president, he will say he can't enact the tax because billionaires would flee the US.
We've had the same arguments in France. The economist who proposed the tax actually used data from the US to show that few rich people actually leave the place they're in, because that's where they live, meet people for business or pleasure, etc.
This could be evaluated for California too.
Mamdani proved unequivocally that they won't actually move. Stop giving in to the bullshit billionaires are spouting to try to stop themselves being taxed.
Also, who fucking cares if they leave? Billionaires are a burden to the society and economy of any city or state they live in.
And yes, FUCK NEWSOM! Say it loud and say it proud. NO MORE CONSERVATIVE DEMOCRATS!!!
He's not arguing for that. He wants a national tax that both isn't on the ballot and wouldn't tax billionaires on their wealth.
Windsock, toothless proposal. How can anyone trust this guy given how often he reverses his positions to chase headlines?
Yeah, we know. We've seen this dog-and-pony show for DECADES.
5% tax on about 200 Californian billionaires who hold $2.2 trillion in wealth
5% of 2.2 trillion is $11 billion, right?
Jesus that would end poverty.
Nothing about Newsom has seemed honest since day 1. He’s just another opportunistic politician.
Fuck Newsom. Find me a Californian Mamdani dammit!!!
No way, really?
The guy who changed laws for his rich friends is against his rich friends having to pay comparatively insignificant sum that wont hurt their dragon hordes or its infinite growth in any significant fashion?
Who is the Bernie and DSA endorsed alternative?