Ugh, I’m not sure if I would vote for this
The California Billionaire Tax Act, colloquially known as the billionaire tax, would levy a one-time 5% tax on any California resident worth more than $1bn
It’s a one-time tax?!? Why on earth would they do something so weak? Do they want it to fail to pass??
Because like all corporate establishment Democrats, Newsome doesn’t really want to punish billionaires, he just wants to say that for votes. He’s had plenty of opportunity to do something/anything, and he hasn’t. And he won’t. Just like all those DINOS, like Clinton, Obama, Biden, etc.
Where’s our health care? Obama came closest, with a plan that was LITERALLY a Republican plan. And it sucked. The rest didn’t do anything at all. Fucking losers.
One time isnt great but its a step up from nothing. I usually dont go in for incrementalism but this isnt bad.
Yeah which makes it all the more absurd that the current governor of California and presidential hopeful “Democrat” Gavin Newsom is attempting to block it.
How can the governor block a referendum? Isn’t that the whole point of a referendum?
How bout a one time guillotine event instead?
one time?! We need a Department of Billionaire Management that routinely sets controlled burns and occasionally culls the herd.
Can we order one in Dublin? At the pedo Peter thiels douchebag club meeting?
The news is set to intensify an already heated debate around the tax, which has pitted tech moguls and the state’s governor, Gavin Newsom, against the labor union backing the measure.
This is the jackass the stupidest people in the Democratic Party want to be the next president.
As a life-long Californian, I fucking hate this guy.
If anyone out there doesn’t know much about him, just know to vote against him when he tries this shit.
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.
Financial obesity is a great term.
Heck yeah.
Pay your bills, oligarchs.
The bill is wrong because taxing billionaires should not be a one time thing. Newsom is wrong because he should let it go through anyway.
The whole thing is a microcosm of leftists as a whole: stumbling over themselves to hamstring eachother over anything that isn’t 100% perfect.
I did my part
Imagine thinking billionaires are just gonna let go of wealth hahaha
the coalition backing the measure has until 25 June to decide whether to move forward or potentially strike a deal
It’s a clever way for the unions to effectively hold the state hostage, but it comes at the price of the harm that even the possibility of this tax has already done to the state economy.
A blog post on the topic.
The SEIU is known in California political circles for pioneering and perfecting the art of extortion via ballot initiative. Their usual strategy goes:
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Propose a ballot initiative that will sound nice to voters, but which is actually deliberately designed to ruin some industry.
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Demand concessions from that industry in exchange for withdrawing the initiative.
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Screw billionaire taxes, I want world wide wealth caps. Nobody should have to have more than 10 million dollars in networth. Anything over that should go 100% to taxes until you’re worth less than that again
Billionaires are bad enough, but now they’ll all want to be trillionaires, so we can expect them to really crank down on the profit gouging.
Eventually, theses mentally-ill, OCD hoarding, arrogant psychopathic Oligarchs are going to form alliances, and create an army. Then they will create their own sovereign nation where they can create their own laws, allowing anything they want.
And we have already seen the kinds of things these parasites spend their money on - treason, racism, pedophilia, etc.
It is inevitable.
Is this not the goal?.
Edit: wow wtf
The California Billionaire Tax Act, colloquially known as the billionaire tax, would levy a one-time 5% tax on any California resident worth more than $1bn
The only controversy is how weak this tax is
Exactly.one time 5%???
AND THEY ARE FIGHTING EVEN THAT TOOTH AND NAIL!
I’m struggling to even think of a physical object that costs more than that. A superyacht, I guess? A private jet? If you want the biggest, awesomest boat or plane or fucking floating castle or whatever, go in on it with other rich people. Any money above that line is only used to wield soft power, which is provably to the ultimate detriment of the rest of humanity.
How does Steyer feel about this?
Tom Steyer the billionaire?
Have a guess.
It was a rhetorical question lol. He’s off the ballot, we won that fight already.
Iirc Steyer was actually in favor of it. Who knows what his policies would have actually been in office but he was campaigning on higher taxes for billionaires.
