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Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes (calmatters.org)

submitted 6 days ago by technocrit@lemmy.dbzer0.com to c/politics@lemmy.world

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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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[-] kurmudgeon@lemmy.world 59 points 5 days ago

Gavin Newsom exemplifies what is wrong with the Democratic party.

[-] madcaesar@lemmy.world 18 points 5 days ago

We need to push the DSA to replace these shitty centrist Democrats, just like the tea party replaced the old Republicans. It can be done.

[-] 82tenterstreet@lemmy.world 13 points 5 days ago

Bingo, he runs with the hare and the hounds and lends credibility to the Republican notion that all dems are deeply corrupted.

[-] kylie_kraft@lemmy.world 222 points 6 days ago

better work on your gag reflexes folks, because they are going to ram this guy down our throats so hard in 2028

[-] LilB0kChoy@reddthat.com 79 points 6 days ago

Maybe. He’s losing popularity in his home state though, and I wonder how attractive a candidate whose home state doesn’t like them will be at the national level.

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[-] Blackmist@feddit.uk 54 points 5 days ago

I don't want a one time tax on billionaires.

I want an every year tax on billionaires.

[-] nieminen@lemmy.world 20 points 5 days ago

I hear you, but don't let the lack of a perfect solution be the enemy of progress. A one-time tax would still (theoretically) do some good, and not harm anybody. So long as those funds are properly allocated.

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[-] UltraGiGaGigantic@lemmy.ml 25 points 4 days ago

"What're you gonna do about it, vote republican?" - The democratic party

I love how honest we are becoming with each other. Hang up your masks blue maga, you dont need them anymore.

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[-] DidIReallySayThat@lemmy.world 43 points 5 days ago

Man, I so hope this kills his political aspirations dead.

[-] 7101334@lemmy.world 31 points 5 days ago

He's the "Diet Republican" brand of Democrat (most Democrats are but especially him), and people have already shown repeatedly that they arent interested in that.

People who want a Republican will vote for the real thing. People who don't want a Republican will vote for someone else. He's pandering to a crowd that doesn't exist in any significant size.

[-] JcbAzPx@lemmy.world 13 points 5 days ago

He will be pushed hard by the DNC to avoid having a non-conservative as a presidential candidate.

[-] EntheoNaut@lemmy.ml 8 points 4 days ago

This precisely, haven’t heard it described better.

The exact reason Trump is president and Democrats are floundering.

The fucked us w Bernie and lost the political capital and elections since.

Fuxk Newsome, every AIPAC backed candidate and establishment Democrats.

Go DemSoc or go the fuck home.

[-] Mulligrubs@lemmy.world 157 points 6 days ago* (last edited 6 days ago)

Oh look, Democrats have betrayed their own constituency again!?!

I, for one, am stunned

Who knew?!?

[-] JoMiran@lemmy.ml 64 points 6 days ago

Newsom has shown, time and again, that he is a transphobic corporate shill. The real shocker would have been if he supported Prop 40.

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[-] DangerNooble@lemmy.world 29 points 5 days ago* (last edited 5 days ago)

Remember when he was pretending to be a peoples governor?

[-] fira@lemmy.today 27 points 5 days ago

Gavin Newsom is a clown & lapdog to the Epstein class. His legacy is mud

[-] Leviathan@lemmy.world 23 points 5 days ago

What a massive piece of shit!

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[-] billwashere@lemmy.world 56 points 5 days ago

Fuck you Gavin

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[-] bagsy@lemmy.world 37 points 5 days ago

100% they will make this shithead the next president.

[-] 3abas@lemmy.world 40 points 5 days ago

They will run him, braindead liberals will simp for him, he will lose, and they will blame everyone who refused to vote for him.

Democrats will not run a viable candidate because the mask has come off. They'd rather lose and continue cosplaying as opposition than to win and be criticized, the money is coming to their pockets either way.

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[-] bedwyr@piefed.ca 63 points 6 days ago

Newsom is a piece of shit, and our next dem candidate, that most of you will browbeat us into pretending he's cool. Right before he changes nothing and hands it back to the republicans.

Because he's the uniparty, he's of the oligarchy, he is the oligarchy. Fuck this guy.

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[-] Catoblepas@lemmy.blahaj.zone 61 points 6 days ago

I am begging you to remember, '28 Democratic primary voters: If he does it to us, he'll do it to you.

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[-] Doomsider@lemmy.world 17 points 5 days ago

Nothing says fiscal policy like taking away your biggest revenue stream.

[-] MBech@feddit.dk 19 points 5 days ago

How do you ban future laws? Isn't that a bit like when a 10 year old tells his girlfriend she isn't allowed to ever ever break up?

[-] Madison420@lemmy.world 12 points 5 days ago

You don't, you make a bill, pass the bill and it stands as long as no one tries to fight it.

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[-] kreskin@lemmy.world 26 points 5 days ago

Newsom is sure as f*ck not working for the voters. He is just a middle management asskisser.

[-] Regrettable_incident@lemmy.world 32 points 5 days ago

Not American, but this fucker's a Democrat?

Wow, sorry guys, but you're fucked. You really do need to press reset and start again.

[-] Mantzy81@aussie.zone 17 points 5 days ago

Democrats are still a right wing party like the UK Conservatives, or Australian Liberals. They only seem left leaning to GOP because they're even further right, more like UK Reform or Australian One Nation (basically the party that that all the bigots and racists support - in all those cases).

They don't have a centrist party let alone a left-leaning one

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[-] moldy_rice@piefed.keyboardvagabond.com 27 points 5 days ago

Conservative asshole

[-] NikkiDimes@lemmy.world 19 points 5 days ago

Neo-lib asshole. Which is basically the same thing tbf.

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[-] Triasha@lemmy.world 10 points 4 days ago

Newsom is a lapdog to the forces destroying this country and should never be allowed near elected office. His personal wealth should be confiscated and he can subsist on welfare for the rest of his life.

[-] ElDuderino@lemmus.org 10 points 4 days ago

It's because Gavin comes from old wealth.

[-] jaykrown@lemmy.world 17 points 5 days ago* (last edited 5 days ago)

It's comical at this point. No way anyone votes for him if he tries to run for president.

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[-] thespcicifcocean@lemmy.world 17 points 5 days ago

For fuck sake, he'll probably get picked to be the dems presidential candidate in 2028.

[-] Dogiedog64@lemmy.world 18 points 5 days ago

Oh so he's making his pivot to UltraFascism now. Coooooooooooooooooooooooooooooooooooool.

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[-] cdf12345@lemmy.zip 29 points 6 days ago

I’m really hating this trend of passing laws to prevent any future regulations of things.

Like the 10 years “you can’t touch AI” with your laws proposal.

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[-] glassy_boi@lemmy.zip 38 points 6 days ago

Newsome is a cunt

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[-] Yuccagnocchiyaki@lemmy.world 26 points 5 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

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[-] hildegarde@lemmy.blahaj.zone 22 points 5 days ago

Gavin recently vetoed a law that would stop California from extraditing people who are charged by other states for the crime of receiving healthcare in California. He said he couldn't restrict future governors.

Now he's supporting a bill to restrict future legislatures from passing wealth taxes.

Not only is he a bigot, he is also a hypocrite. He is term limited from running for Governor, but clearly is wanting to run for president someday. Let me make it completely clear to anyone reading. There are no circumstances that could ever convince me to vote for newsom. I hope he suffers whatever is the worst fate that can be described while following the rules of this community.

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[-] Floon@lemmy.ml 19 points 5 days ago

For everyone who was Team Newsom when he was busy taunting Trump with his tweets, this is why not everyone was bought in to Newsom 4 Prez. He's a lizard.

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

God, fuck this guy with a fucking pineapple. Why can't we get candidates who aren't pieces of shit?

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this post was submitted on 10 Oct 2026

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