Big corporations are bleeding us to death. We have a progressive tax system in Ca which taxes you more and more as your income increases.
So we tax the wealthy the most of all the states in the union.
He support a wealth tax FEDERALLY.
I agree.
When you have some states do a billionaire tax while other don’t you start having states competing with each other which is a lose lose situation for our country.
We have learned our lesson in Ca.
In the 80’s because we tax the corporation more than most states we lost the entire aerospace industry.
Because of other states offering tax incentives to the film industry we had other states wiping out our beloved film industry.
I also trust that Newsom knows much more of what is really going on.
He’s not stupid.
He’s not naive.
He is not afraid to fight the hard fights.
He’s one of the good ones.
Don’t left the fringe left folks gaslight you into thinking differently.
Absolute nonsense! He's not pitching collectivism, he's suggesting equality of taxation. Without it, these guys will keep hoovering up wealth, assets, governments, and put every single one of us who earn our livings into renters of the spaces, and the food and water we need to live on. Their tax escapism is our affordability prison. Needs to change. It's just a shame he's basically kicking the can down the road to go for a federal push hinged on his own election outcome.... Rather than taking a leadership stance in california now.
Read your own words back. Aerospace left California because the state taxed it more than other states. The film industry left because other states offered better deals. Those are your examples, your sentences. Two industries flee high taxes, and the lesson you pull out is… raise taxes.
Newsom, your guy, the one who "knows what's really going on," in July signed a $750 million dollar tax break to beg Hollywood to come home. $750,000,000. He more than doubled it. Why? Because 2024 was the worst year for filming in Los Angeles since Covid, and 2025 came in worse. So while you're typing that the answer is to tax people more, the man you're defending is cutting taxes as fast as his pen will move. He's doing the exact opposite of you. In public. At the Warner Brothers lot. With a smile.
You think the wall stops at the state border. It doesn't. People leave the country too. Twelve countries had a wealth tax in 1990. Today it's about four. France killed theirs. Sweden killed theirs. Germany, Denmark, Finland, Austria, gone. Every time the same story... the rich left, the money left, the thing raised almost nothing, and it cost a fortune just to run. Sweden's own IKEA founder moved to Switzerland and stayed for decades. The experiment already ran. It failed everywhere it touched. You're proposing something the whole developed world already tried and buried.
661,000 people left California in 2024. About 254,000 more out than in.77,000 to Texas alone. A lost congressional seat. Roughly $100 BILLION dollars in income gone to other states over the decade.
You watched two industries leave over taxes. You watched your own governor cut taxes to chase one of them back. You watched a dozen countries try the precise wealth tax you want and abandon it. And your takeaway is more. Why would anyone trust that? One reason. Because admitting otherwise means admitting the people who made the mess are the ones you keep defending.
Gavin is forcing tens of thousands of cars back onto the roads because his oligarch donors want more cars parking in their parking garages. His return to office order is a direct attack on the middle class in order to fund his donors. His Lt. Gov, Eleni Kounalakis and her oligarch family own parking garages in downtown Sacramento, making $100k a year from them, and gave $70k to Gavin's campaign, and he's paying them back with his "return to office" wealth redistribution. Best part, public servants not driving to the office saved YOU the taxpayer, over a billion dollars. So starting July 1, pollution goes up, traffic goes up, and wasting public funds goes up because Gavin's oligarchs want more of your money, and he's happy to give it to them. Money buys influence indeed.
A wealth tax made companies leave California. I guess the idea here is, if you institute a federal wealth tax, there's nowhere to run, so you can tax them until all their money's gone. What's the plan after that, genius?
I just cannot understand why the government needs more tax dollars when it has proven it is unable to spend it effectively. Newsom DOUBLED spending... What does he have to show for it? He is demanding more!
Having a majority of public servants work from home reduced pollution, traffic jams, and saved over a billion dollars. Gavin is calling public servants into the office to sit on zoom meetings because his Oligarch Lt. Governor Eleni Kounalakis owns parking garages downtown. Gavin refuses to negotiate better pay for public servants, instead taxing them with gas, parking fees, and lost time. Sorry those facts about Gavin a) having no respect for workers, b) not caring about affordability, and c) kowtowing to oligarchs triggers you.
I lived in Inglewood and the S bay where we lost the space industry in the 80’s because other states offer tax breaks and incentives.
I worked as a Prop Master for 37 years on big films and TV shows for the studios since 1985 and watched my industry go thru the pains of our high taxes without the incentives.
I’m not sure what you’re saying?
This is my experience and why I agree that for a BILLIONAIRES tax it should be done federally or you’ll have states competing with each other?
I’m totally confused by your comment?
We are saying and seeing the same thing are we not?
I agree w Newsom.
Based on what I have seen up close in regard to states competing with each other in the business world.
The billionaire you’re taxing own the businesses that will leave the state.
And this tax is a one and done.
It’s barely going to scratch the surface and will likely chase a lot of business out of the state.
The revenue won’t go to cops, firefighters, teachers or much else.
Katie Porter breaks it down really clearly and she agrees that it just doesn’t really get the job done or fix the problem.
This is everything, and a winning Presidential message. Without substantially higher taxes on billionaires—including on their total net worth, America is TOAST. Toast. No future for anyone but the ultra wealthy. And that goes double with AI/Robotic automation that’s set to impact at least 50% of American jobs in the coming decade. A wealth tax solves multiple problems, including the automation threat. Until this tax happens for real, with teeth to prevent capital flight, very little else can be solved in this nation.
Have you seen the billionaires occupying the White House and cabinet? Have you seen all the billionaire fraudsters and drug lords Trump has pardoned? How about the ones making media monopolies thanks to Trump's FCC? The Tech Bros like Zuckerberg donate to Republicans now since Biden cracked down on them and they realized how easily Trump can be manipulated! How about the ones polluting our environment and cutting down our national forests? Where have you been?
Do you fools not understand how this works? The self righteous demand it for Billionaires and trillionaires. When, their stupid ideas are proven just that, then the move the needle further down. Until you have some asshole bureaucrat coming into your home to look in your drawers and attics to value EVERYTHING you own.
Every effing thing.
Do you not know what the Demonrats have proven to you? They want CONTROL!!! Control over everything and all aspects of your life.
Slippery slope is sometimes a fallacy, but not here. This is the history of every tax, ever. I do tax for a living, and I've researched this, but you can look it up yourself easily. Just follow the imposition of income tax. At first it applied only to a small number of people. Look where it is now.
And you’ve studied the tax tables since 1945 - what was inflation, tax, earnings to tax ratio, salary, take home for regular folks vs billionaires then? Equitable? Claiming authority with I’m a tax expert without a 360 perspective is sad.
When top marginal tax rates were 93% in the US that was the period of our greatest prosperity. We went to the moon and built the interstate highway system and had the most prosperous middle class in world history. You have no standing or credibility whatsoever. And you are blocked.
From where I sit it looks like Trump and his billionaires want CONTROL -- Control over every aspect of our lives! Have you read "Project 2025"? You know, the one he knew nothing about, yet has implemented 50% of? You guys can't see what is right in front of your eyes. Reality means nothing to you.
A message that can be used by anyone else. On July 1, the California state employees have to find a new messenger to vote for in the 2028 primaries. RTO is a big pay cut, and takes away the one last benefit the state offered for employment, because it wasn’t the pay.
Spoken like a true communist, taking what doesn't belong to you and claiming it's for the greater good. Being envious of wealth to the point where you'd use political power to steal it, is how you get yourself vilified and crushed.
Learn the meaning of English words before you start flapping your gums. Taxes are matters of law and they underpin all civilization. You are an anarchist.
@Steven Bradford newsom actually got money from the Getty family. He is rich. Right now he is cosplaying as a politician who cares about affordability. He will veto the California billionaire tax bill. To play both sides he is proposing a billionaire tax that would never happen.
Newsom has never found anything he does not want to tax. A millionaire tax will not lower anyone else's taxes, it will just chase Billionaires out of the country. He will then have to raise everyone's taxes to make up the artificial shortcomings.
You are right! He is doing an RTO so the people who work solely on a computer have to buy more gas (gas tax) and pay the state for parking. Essentially a pay cut for all state employees and more revenue for the state to spend on……. Checks notes…
We need to pass AB1729 next month, and tell Gavin to leave office with having done this one right. He is despised by the taxpayors and State workers right now.
This is rich, coming from the governor of the state with the most fraud in human history. Your policies have driven all the producers out of your state and now you want MORE money to waste? Read Bastiat’s The Law and learn what government is for and what it is NOT there for.
Why don’t you do something that would actually help the lowest tiers of your wage earners? Hilton’s plan to do away with income tax for people earning $100k or less is an idea that shows actual care for struggling Californians. Gavin: come out of your bubble! Leave leftism behind! Stop being a globalist puppet! Why would you choose to live your life always in deceit and greed? Your soul and your character are worth more than anything they have promised you. Peace.
Oh, look; it's a brain dead little fucking shitweasel that thinks it's a temporarily embarrassed billionaire. Get a clue, drongo. Those people don't know you exist, and if they did, they’d be laughing their asses off at the sucker and loser cheering them on while they're bleeding you white.
You drove billionaires out of California. The state is financially bankrupt and now you want to do the same to the country. FYI in January of 2026 California lost 1 trillion in tax base. And more to come.
Lol, no they aren't. They will whine and whine but stay because the weather is nice, there are things to do, and with only ≈130 elected officials statewide, they can easily buy the government (which they have). Plus they can continue to exploit prop 13. They aren't trading a small pittance of a silly wealth tax for higher property taxes.
The Gateway Pundit citing the New York Post. Hard hitting analysis you got there 😂. Oh no 6 out of an estimated 200+ billionaires left! And Elon to?! Oh no, where will we get our supply of Nazi salutes now?!
Also, Oracle is leaving Texas for Tennessee (but you didn't read the article, just furiously googling "California bad billionaires good"). Do you think Texas isn't business friendly, or are billionaires parasites who deplete a host than move on?
You don't need to tell me that you could give two shits, your unhinged rants tell me that already.
Yes, you're right, we work very hard. Only to put our hard earned money in the pockets of the ultra wealthy. They made their money on our backs! What is wrong with you people?
This is a very bitter take. Any one of us can work hard and eventually have a successful business, you don't need employees or lots of money.. you can do just fine on a self-employed middle-class income from your own efforts, and still get good tax breaks, surprise! Nobody is stopping you.. and when you are working on a vision you care about, you have less time to complain about others. Sadly, I think you are a perfect example of "ressentiment". From Google Gemini: "Nietzsche’s concept of ressentiment directly explains the psychological roots of people's resentment toward the wealthy. When people feel powerless to achieve wealth, ressentiment can cause them to morally condemn the rich to cope with their own frustration."
It's realistic. I have a business but I also have empathy for others. It sucks to have to turn people away because I don't have a job for them. Do people not understand how fkn greedy, the very few, ultra rich are? No one is saying they shouldn't have the money they have. They do need to pay their FAIR share of taxes. But they don't want to. I have to wonder if people are confusing the many that have millions with the few that have billions, hundreds of billions and now the first trillion.
But Kat, let’s be honest.. you and I only know our own troubles and those closest to us, and it’s not healthy to be projecting malfeasance on other people. We know very few people well enough to say we can be judge and jury. I have no issue with taxes or re-assessing aspect of the tax code, but the issue is that very few of these politicians are coming to their constituents with results and numbers that show they’ve exhausted every avenue and have handled our tax money as it is responsibility.. yet, they want to pit people against each other.. they’ve got you parroting the “fair share” thing. The only thing I’d support is removing the cap on social security taxes over 184k as it is.. or some kind of alternative flat tax on everyone. I think if there’s going to be any new taxes, governors and other politicians need to show they’ve managed it the best they can, and therefor are worthy of the trust that comes with taking more of our money. As it is, being middle class they are already constantly trying to push new taxes on us. My point is, they wouldn’t need to increase taxes if they were already managing it well at this point. We pay taxes on EVERYTHING. They are trying to shift blame for the mismanagement of current taxes, by stoking resentment. Don’t fall for it. Ask for accountability from THEM first.
Childish jab, it’s very typical when people start feeling angry that it’s being pointed out some of these states have fumbled the ball with our tax dollars. Trump deserves just as much scrutiny over how our taxes and policies unfold, in fact he deserves the most since he’s the president. But California needs to own its policies and failures, and it has systemic failures with the abuse and fraud of our tax dollars. You should be championing the notion we need more financial accountability so that we can make the most of what we already have, because we all pay into the system.. not trying to deflect over some gross ideological and socialist money grab, or like others using ambiguous terms like “fair share”.
Thanks Governor Newsom for pointing out stupidity of the state level wealth tax. Any minimum wealth tax should be at global level , because as you said , money can move.
It's not going to stop at millionaires and billionaires once they've confiscated all the assets of the wealth they WILL come and get WHATEVER wealth YOU'VE worked to accomplishments.
Your house, car and retirement plans will belong to the govt.
I'm old and won't be experiencing the robbery, but my kids will.
And stop with the globalist talk. Thst's tribal and primitive
The top 1% of the rich people are not the reason shelves are locked at Walmart. If you are not able to manage the money you have on hand, you should not be rewarded with more. Time to quit.
Newsom: “It’s time for a national billionaires tax and a new social contract.”
Translation: California is a total disaster under his leadership, so let’s spread the pain nationwide.
High taxes, businesses fleeing, homelessness exploding, cost of living through the roof, and his solution is to tax “the rich” even more while ignoring the real problems he created.
Classic socialist playbook. Punish success instead of fixing the mess.
California is the warning sign, not the model. Keep this clown’s ideas out of Washington!
Twelve European nations instituted wealth taxes. They shortly thereafter repealed those taxes after high-net-worth individuals and business founders took their capital and fled to nations that were happy to have that capital employing their citizens and producing wealth for their nations. Stupid people are unable to learn from the mistakes of other stupid people. Some of those stupid people think they and their hair gel are presidential material. Stupid people think no end of stupid things.
You're a multi, multi-millionaire thanks to your corrupt wife, how bout you volunteer to pay more taxes? Also noticed you had to pay a $31k penalty for not paying what you owe 😉
“We need MORE of your money so we can waste it on 💩 like a $126 billion train to nowhere and the $24 billion ‘homelessness’ fund my wife is connected to whose expenditures are unaccounted for.”
Don't forget that he is spending hundreds of millions in taxpayer money to have workers clog up traffic all so his oligarch Lt. Governor can fill their parking garages! For a measly $70k in donations, Gavin sold out CA taxpayers to the tune of billions!
I thought Crooked Hillary and Bubba were bad . . . then came Shufflin Joe Autopen, Hunter and Doctor Jill. Gavin appears to have been paying close attention to fleecing American taxpayers.
Gavin also said he'd save taxpayers billions through teleworking, but when his Lt. Governor who owns parking garages wanted more money, he magically said telework doesn't work. Money buys influence indeed.
You doubled California’s spending and delivered worse results for the people living under your government.
More money. More failure. More excuses.
Why the hell would anyone trust you with more money?
No. You are wrong.
Big corporations are bleeding us to death. We have a progressive tax system in Ca which taxes you more and more as your income increases.
So we tax the wealthy the most of all the states in the union.
He support a wealth tax FEDERALLY.
I agree.
When you have some states do a billionaire tax while other don’t you start having states competing with each other which is a lose lose situation for our country.
We have learned our lesson in Ca.
In the 80’s because we tax the corporation more than most states we lost the entire aerospace industry.
Because of other states offering tax incentives to the film industry we had other states wiping out our beloved film industry.
I also trust that Newsom knows much more of what is really going on.
He’s not stupid.
He’s not naive.
He is not afraid to fight the hard fights.
He’s one of the good ones.
Don’t left the fringe left folks gaslight you into thinking differently.
Your party has already lost to the commies.
You smell!
lololol
best comment ever
Absolute nonsense. Big corporations provide jobs and grow the economy. Employees and shareholders all pay taxes.
Collectivism provides corruption.
Really? Like the corruption we are seeing now on a daily basis? It isn't possible to be more corrupt than this administration!
I agree!
it hasn't worked you dope
Absolute nonsense! He's not pitching collectivism, he's suggesting equality of taxation. Without it, these guys will keep hoovering up wealth, assets, governments, and put every single one of us who earn our livings into renters of the spaces, and the food and water we need to live on. Their tax escapism is our affordability prison. Needs to change. It's just a shame he's basically kicking the can down the road to go for a federal push hinged on his own election outcome.... Rather than taking a leadership stance in california now.
THEY BLEED THE HELL OUT OF US! Don't LIE!
Read your own words back. Aerospace left California because the state taxed it more than other states. The film industry left because other states offered better deals. Those are your examples, your sentences. Two industries flee high taxes, and the lesson you pull out is… raise taxes.
Newsom, your guy, the one who "knows what's really going on," in July signed a $750 million dollar tax break to beg Hollywood to come home. $750,000,000. He more than doubled it. Why? Because 2024 was the worst year for filming in Los Angeles since Covid, and 2025 came in worse. So while you're typing that the answer is to tax people more, the man you're defending is cutting taxes as fast as his pen will move. He's doing the exact opposite of you. In public. At the Warner Brothers lot. With a smile.
You think the wall stops at the state border. It doesn't. People leave the country too. Twelve countries had a wealth tax in 1990. Today it's about four. France killed theirs. Sweden killed theirs. Germany, Denmark, Finland, Austria, gone. Every time the same story... the rich left, the money left, the thing raised almost nothing, and it cost a fortune just to run. Sweden's own IKEA founder moved to Switzerland and stayed for decades. The experiment already ran. It failed everywhere it touched. You're proposing something the whole developed world already tried and buried.
661,000 people left California in 2024. About 254,000 more out than in.77,000 to Texas alone. A lost congressional seat. Roughly $100 BILLION dollars in income gone to other states over the decade.
You watched two industries leave over taxes. You watched your own governor cut taxes to chase one of them back. You watched a dozen countries try the precise wealth tax you want and abandon it. And your takeaway is more. Why would anyone trust that? One reason. Because admitting otherwise means admitting the people who made the mess are the ones you keep defending.
Newscum is the problem. Disgusting POS. He IS the 1%.
Gavin is forcing tens of thousands of cars back onto the roads because his oligarch donors want more cars parking in their parking garages. His return to office order is a direct attack on the middle class in order to fund his donors. His Lt. Gov, Eleni Kounalakis and her oligarch family own parking garages in downtown Sacramento, making $100k a year from them, and gave $70k to Gavin's campaign, and he's paying them back with his "return to office" wealth redistribution. Best part, public servants not driving to the office saved YOU the taxpayer, over a billion dollars. So starting July 1, pollution goes up, traffic goes up, and wasting public funds goes up because Gavin's oligarchs want more of your money, and he's happy to give it to them. Money buys influence indeed.
A wealth tax made companies leave California. I guess the idea here is, if you institute a federal wealth tax, there's nowhere to run, so you can tax them until all their money's gone. What's the plan after that, genius?
No need to insult me with the sarcastic name calling.
Ok, when you've taxed the rich into poverty, and there are no more rich left to tax, where will the money come from?
Happy now?
I am a capitalist but I believe common sense regulations are important.
I also believe as you do that these business owners are job creators and I actually don’t see EVERY Billionaire as evil.
I’m not like that however many of these corporation don’t pay the taxes that they should pay.
Lots of loopholes.
Regardless we need to go line by line their the federal tax code and do some revisions.
Even the honest billionaires say they should be paying more taxes.
There are ways that are balanced and don’t alienate our job creators.
It’s all doable.
Hey Pinpoint.
No disrespect but I’m getting a weird hostile vibe from you.
We are strangers but you seem super comfortable being snarky with me.
Let’s agree to disagree.
This conversation is over.
Take good care.
I agree with you.
I just cannot understand why the government needs more tax dollars when it has proven it is unable to spend it effectively. Newsom DOUBLED spending... What does he have to show for it? He is demanding more!
CRYBABY MUCH WITH ZERO FACTS? POOR BABY, YOU’RE LOSING.
Having a majority of public servants work from home reduced pollution, traffic jams, and saved over a billion dollars. Gavin is calling public servants into the office to sit on zoom meetings because his Oligarch Lt. Governor Eleni Kounalakis owns parking garages downtown. Gavin refuses to negotiate better pay for public servants, instead taxing them with gas, parking fees, and lost time. Sorry those facts about Gavin a) having no respect for workers, b) not caring about affordability, and c) kowtowing to oligarchs triggers you.
You are a fucking liar 🤥 and a maga nazi piece of shit 💩
Yes which proves my point.
I lived in Inglewood and the S bay where we lost the space industry in the 80’s because other states offer tax breaks and incentives.
I worked as a Prop Master for 37 years on big films and TV shows for the studios since 1985 and watched my industry go thru the pains of our high taxes without the incentives.
I’m not sure what you’re saying?
This is my experience and why I agree that for a BILLIONAIRES tax it should be done federally or you’ll have states competing with each other?
I’m totally confused by your comment?
We are saying and seeing the same thing are we not?
I agree w Newsom.
Based on what I have seen up close in regard to states competing with each other in the business world.
The billionaire you’re taxing own the businesses that will leave the state.
And this tax is a one and done.
It’s barely going to scratch the surface and will likely chase a lot of business out of the state.
The revenue won’t go to cops, firefighters, teachers or much else.
Katie Porter breaks it down really clearly and she agrees that it just doesn’t really get the job done or fix the problem.
This is a winning presidential issue. Keep it up! Down with Trump!
Lol will the last billionaire to leave CA please turn off the lights.
✌️👍
https://www.msn.com/en-us/money/companies/exit-of-the-titans-larry-page-flees-california-as-100-billion-wealth-tax-looms/ar-AA1U5EEw
This is everything, and a winning Presidential message. Without substantially higher taxes on billionaires—including on their total net worth, America is TOAST. Toast. No future for anyone but the ultra wealthy. And that goes double with AI/Robotic automation that’s set to impact at least 50% of American jobs in the coming decade. A wealth tax solves multiple problems, including the automation threat. Until this tax happens for real, with teeth to prevent capital flight, very little else can be solved in this nation.
By ultra wealthy, you mean the Soros, Zuckerberg and most Democratic Party donors?
What I mean is precisely what I said: Anyone with a net worth of a billion or more. There is no qualifier.
Have you seen the billionaires occupying the White House and cabinet? Have you seen all the billionaire fraudsters and drug lords Trump has pardoned? How about the ones making media monopolies thanks to Trump's FCC? The Tech Bros like Zuckerberg donate to Republicans now since Biden cracked down on them and they realized how easily Trump can be manipulated! How about the ones polluting our environment and cutting down our national forests? Where have you been?
Do you fools not understand how this works? The self righteous demand it for Billionaires and trillionaires. When, their stupid ideas are proven just that, then the move the needle further down. Until you have some asshole bureaucrat coming into your home to look in your drawers and attics to value EVERYTHING you own.
Every effing thing.
Do you not know what the Demonrats have proven to you? They want CONTROL!!! Control over everything and all aspects of your life.
“You will own nothing and be happy.”
Slippery slope fallacy. Dismissed.
Slippery slope is sometimes a fallacy, but not here. This is the history of every tax, ever. I do tax for a living, and I've researched this, but you can look it up yourself easily. Just follow the imposition of income tax. At first it applied only to a small number of people. Look where it is now.
Thanks to Republican unfunded tax cuts, our deficit has exploded!
So you put tax cuts and spending in the same category?
And you’ve studied the tax tables since 1945 - what was inflation, tax, earnings to tax ratio, salary, take home for regular folks vs billionaires then? Equitable? Claiming authority with I’m a tax expert without a 360 perspective is sad.
When top marginal tax rates were 93% in the US that was the period of our greatest prosperity. We went to the moon and built the interstate highway system and had the most prosperous middle class in world history. You have no standing or credibility whatsoever. And you are blocked.
Being a tax professional doesn't give you a crystal ball into any future policy or events. Still dismissed. You're having a tantrum.
You're right that the future may not look like the past. However, inductive reasoning has stood the test of time, most of the time.
Always be careful when arguing with idiots. They always bring you to their level. Just saying.
From where I sit it looks like Trump and his billionaires want CONTROL -- Control over every aspect of our lives! Have you read "Project 2025"? You know, the one he knew nothing about, yet has implemented 50% of? You guys can't see what is right in front of your eyes. Reality means nothing to you.
Do you make your wife’s boyfriend’s coffee for him before he leaves in the morning, faggot?
A message that can be used by anyone else. On July 1, the California state employees have to find a new messenger to vote for in the 2028 primaries. RTO is a big pay cut, and takes away the one last benefit the state offered for employment, because it wasn’t the pay.
Spoken like a true communist, taking what doesn't belong to you and claiming it's for the greater good. Being envious of wealth to the point where you'd use political power to steal it, is how you get yourself vilified and crushed.
Learn the meaning of English words before you start flapping your gums. Taxes are matters of law and they underpin all civilization. You are an anarchist.
@Steven Bradford newsom actually got money from the Getty family. He is rich. Right now he is cosplaying as a politician who cares about affordability. He will veto the California billionaire tax bill. To play both sides he is proposing a billionaire tax that would never happen.
Buy. A. Clue. NOBODY “envies” a THIEF, which is every billionaire in existence.
You don't understand communism. How do you feel about Trump's tariffs?
Newsom has never found anything he does not want to tax. A millionaire tax will not lower anyone else's taxes, it will just chase Billionaires out of the country. He will then have to raise everyone's taxes to make up the artificial shortcomings.
You are right! He is doing an RTO so the people who work solely on a computer have to buy more gas (gas tax) and pay the state for parking. Essentially a pay cut for all state employees and more revenue for the state to spend on……. Checks notes…
We need to pass AB1729 next month, and tell Gavin to leave office with having done this one right. He is despised by the taxpayors and State workers right now.
This is rich, coming from the governor of the state with the most fraud in human history. Your policies have driven all the producers out of your state and now you want MORE money to waste? Read Bastiat’s The Law and learn what government is for and what it is NOT there for.
Why don’t you do something that would actually help the lowest tiers of your wage earners? Hilton’s plan to do away with income tax for people earning $100k or less is an idea that shows actual care for struggling Californians. Gavin: come out of your bubble! Leave leftism behind! Stop being a globalist puppet! Why would you choose to live your life always in deceit and greed? Your soul and your character are worth more than anything they have promised you. Peace.
The “state” with the most fraud in human history is WASHINGTON DC; specifically the tRUMP White House.
You lose, loserfuck.
DC is not a State.
Beside the point. It STILL has REAL corruption, which you people are still sticking your heads up your asses to pretend isn't happening. 🙄
Can’t respond except with ad hominem insults.
Learn what a word means before you misuse it
Describing the documented fact of corruption in this regime is NOT an ad hom
An ad hom is blaming Biden for every problem tRUMP has caused because Biden worked to clean up the unholy mess tRUMP left us in after his first term.
Shut your maw, you vile cunt.
Oh, look; it's a brain dead little fucking shitweasel that thinks it's a temporarily embarrassed billionaire. Get a clue, drongo. Those people don't know you exist, and if they did, they’d be laughing their asses off at the sucker and loser cheering them on while they're bleeding you white.
You're too fucking stupid to continue to exist.
Subhuman trash.
You drove billionaires out of California. The state is financially bankrupt and now you want to do the same to the country. FYI in January of 2026 California lost 1 trillion in tax base. And more to come.
CA has the most billionaires in the US.
Not for long. They are leaving.
Lol, no they aren't. They will whine and whine but stay because the weather is nice, there are things to do, and with only ≈130 elected officials statewide, they can easily buy the government (which they have). Plus they can continue to exploit prop 13. They aren't trading a small pittance of a silly wealth tax for higher property taxes.
Silicon Valley’s wealthiest residents are once again threatening to leave California, this time over a proposed state wealth tax that tech founders warn could fundamentally reshape where innovation — and capital — call home. https://www.foxbusiness.com/politics/tech-billionaires-threaten-flee-california-over-proposed-5-wealth-tax. 6 more billionaires escape CA. https://youtu.be/sy_BBhzu0KU?si=u0Zu14-dyJJpbqdI
The Dodgers’ first baseman quietly took a $2 million loss after selling his Los Angeles home, according to reporting from The Center Square. Freeman didn’t lose the money because of bad timing or a housing crash. He lost it because selling property in Los Angeles can punish even the most careful sellers. https://www.msn.com/en-us/sports/mlb/dodgers-world-series-hero-takes-loss-off-the-field/ar-AA1USF1G?ocid=BingNewsSerp
Thanks to Gavin Newscum California’s business bubble has burst. Oracle announced on December 26th they are leaving , (https://www.sfgate.com/tech/article/oracle-tech-giant-layoffs-headquarters-20819830.php). Anheuser-Bush closing Budweiser plant in Fairfield CA in 2026.https://youtu.be/TSbt8sS17a0?si=ymOJWDwqtv_ClLPN , World's largest mozzarella producer to close 115-year-old Calif. plant. https://www.sfgate.com/food/article/largest-mozzarella-producer-closing-california-21252669.php, Progressives in California have been pushing for a new ‘billionaire tax’ and even though it hasn’t passed yet, the state is already suffering massive financial consequences.
As in every other time in history, wealthy people hear talk like this and they pack up and leave.
It has been estimated that California has lost upwards of a trillion dollars in the last month alone.
https://www.thegatewaypundit.com/2026/01/report-california-has-lost-trillion-dollars-month-due/
When large companies leave they take their people with them. Its called a brain drain.
Newscum drove Elon Musk out. He took x with him. And parts of Tesla and spacex.
Newscum has made business so untenable here that companies are flocking to red states.
The tax base is leaving.
I know I'm leaving. I could give two shits how this pans out because it won't correct in my lifetime.
Its like watching a plane crash when you know how to fix it but the passengers are rooting for the crash.
The Gateway Pundit citing the New York Post. Hard hitting analysis you got there 😂. Oh no 6 out of an estimated 200+ billionaires left! And Elon to?! Oh no, where will we get our supply of Nazi salutes now?!
Also, Oracle is leaving Texas for Tennessee (but you didn't read the article, just furiously googling "California bad billionaires good"). Do you think Texas isn't business friendly, or are billionaires parasites who deplete a host than move on?
You don't need to tell me that you could give two shits, your unhinged rants tell me that already.
You're a complete fucktard.
You’re full of shit!
People work hard for their money, don’t tax them more! Get off your butt and improve CA; stop the fraud and corruption.
Yes, you're right, we work very hard. Only to put our hard earned money in the pockets of the ultra wealthy. They made their money on our backs! What is wrong with you people?
Then innovate and become an entrepreneur. Invest wisely. Live the American dream and stop supporting those that seek to destroy it.
Class welfare is a communist tactic. It has always been a lie. You will never be one of them.
No one forces you to purchase anything anyone makes. Billionaires dont take anything, they make things that people want.
How many millionaires have you created? Let's start there.
This is a very bitter take. Any one of us can work hard and eventually have a successful business, you don't need employees or lots of money.. you can do just fine on a self-employed middle-class income from your own efforts, and still get good tax breaks, surprise! Nobody is stopping you.. and when you are working on a vision you care about, you have less time to complain about others. Sadly, I think you are a perfect example of "ressentiment". From Google Gemini: "Nietzsche’s concept of ressentiment directly explains the psychological roots of people's resentment toward the wealthy. When people feel powerless to achieve wealth, ressentiment can cause them to morally condemn the rich to cope with their own frustration."
It's realistic. I have a business but I also have empathy for others. It sucks to have to turn people away because I don't have a job for them. Do people not understand how fkn greedy, the very few, ultra rich are? No one is saying they shouldn't have the money they have. They do need to pay their FAIR share of taxes. But they don't want to. I have to wonder if people are confusing the many that have millions with the few that have billions, hundreds of billions and now the first trillion.
But Kat, let’s be honest.. you and I only know our own troubles and those closest to us, and it’s not healthy to be projecting malfeasance on other people. We know very few people well enough to say we can be judge and jury. I have no issue with taxes or re-assessing aspect of the tax code, but the issue is that very few of these politicians are coming to their constituents with results and numbers that show they’ve exhausted every avenue and have handled our tax money as it is responsibility.. yet, they want to pit people against each other.. they’ve got you parroting the “fair share” thing. The only thing I’d support is removing the cap on social security taxes over 184k as it is.. or some kind of alternative flat tax on everyone. I think if there’s going to be any new taxes, governors and other politicians need to show they’ve managed it the best they can, and therefor are worthy of the trust that comes with taking more of our money. As it is, being middle class they are already constantly trying to push new taxes on us. My point is, they wouldn’t need to increase taxes if they were already managing it well at this point. We pay taxes on EVERYTHING. They are trying to shift blame for the mismanagement of current taxes, by stoking resentment. Don’t fall for it. Ask for accountability from THEM first.
If you voted for Trump, you can't reasonably ask anyone not to "fall for it," because you Trump voters fell for his lies hook, line, and sinker.
Childish jab, it’s very typical when people start feeling angry that it’s being pointed out some of these states have fumbled the ball with our tax dollars. Trump deserves just as much scrutiny over how our taxes and policies unfold, in fact he deserves the most since he’s the president. But California needs to own its policies and failures, and it has systemic failures with the abuse and fraud of our tax dollars. You should be championing the notion we need more financial accountability so that we can make the most of what we already have, because we all pay into the system.. not trying to deflect over some gross ideological and socialist money grab, or like others using ambiguous terms like “fair share”.
Thanks Governor Newsom for pointing out stupidity of the state level wealth tax. Any minimum wealth tax should be at global level , because as you said , money can move.
It's not going to stop at millionaires and billionaires once they've confiscated all the assets of the wealth they WILL come and get WHATEVER wealth YOU'VE worked to accomplishments.
Your house, car and retirement plans will belong to the govt.
I'm old and won't be experiencing the robbery, but my kids will.
And stop with the globalist talk. Thst's tribal and primitive
That's ridiculous!
With all the tax savings (supposedly, unless you are in the 1%), buy yourself a brain because that level of stupidity is beyond understanding
Thanks for being supportive.
The fringe left are some of the loudest voices against Newsom right now.
It’s insane.
The top 1% of the rich people are not the reason shelves are locked at Walmart. If you are not able to manage the money you have on hand, you should not be rewarded with more. Time to quit.
Newsom: “It’s time for a national billionaires tax and a new social contract.”
Translation: California is a total disaster under his leadership, so let’s spread the pain nationwide.
High taxes, businesses fleeing, homelessness exploding, cost of living through the roof, and his solution is to tax “the rich” even more while ignoring the real problems he created.
Classic socialist playbook. Punish success instead of fixing the mess.
California is the warning sign, not the model. Keep this clown’s ideas out of Washington!
This clown is a total ass-hat
Twelve European nations instituted wealth taxes. They shortly thereafter repealed those taxes after high-net-worth individuals and business founders took their capital and fled to nations that were happy to have that capital employing their citizens and producing wealth for their nations. Stupid people are unable to learn from the mistakes of other stupid people. Some of those stupid people think they and their hair gel are presidential material. Stupid people think no end of stupid things.
You're a multi, multi-millionaire thanks to your corrupt wife, how bout you volunteer to pay more taxes? Also noticed you had to pay a $31k penalty for not paying what you owe 😉
Greatest plastic tool 🍆 in political history.
“We need MORE of your money so we can waste it on 💩 like a $126 billion train to nowhere and the $24 billion ‘homelessness’ fund my wife is connected to whose expenditures are unaccounted for.”
Don't forget that he is spending hundreds of millions in taxpayer money to have workers clog up traffic all so his oligarch Lt. Governor can fill their parking garages! For a measly $70k in donations, Gavin sold out CA taxpayers to the tune of billions!
I thought Crooked Hillary and Bubba were bad . . . then came Shufflin Joe Autopen, Hunter and Doctor Jill. Gavin appears to have been paying close attention to fleecing American taxpayers.
This is a big change to what Gavin said just a few months ago. I don’t believe he’ll go through with it.
Don’t support AIPAC candidates.
Gavin also said he'd save taxpayers billions through teleworking, but when his Lt. Governor who owns parking garages wanted more money, he magically said telework doesn't work. Money buys influence indeed.