Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes
2 days ago by technocrit to c/politics
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.
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.
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
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.
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.
What is your strategy and can you point to it having worked recently? Electing Obama was preferable to electing McCain, was it not? Electing Clinton was preferable to reelecting Bush Sr., was it not? Electing Hillary would have been preferable to Trump. Y/N? Electing Biden was preferable to reelecting Trump. Y/N? Electing Harris would have been preferable to Trump. Y/N?
This isn't complicated. The system is dead simple, and certain people keep making the wrong choices. We are a democracy. We have the government we have not because choices are being forced on us, but because our citizens keep making shitty choices. Can we not? Please?
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.
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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
save