Gov. Gavin Newsom said he was working behind the scenes to block a proposed tax on billionaires’ wealth and was committed to defeating the measure if it reached the ballot.
Gov. Gavin Newsom said he was working behind the scenes to block a proposed tax on billionaires’ wealth and was committed to defeating the measure if it reached the ballot.
He says he’s scared the billionaires will leave California. Just like they didn’t leave NYC when Mamdani was elected.
And like they didn’t leave Massachusetts after its millionaire tax was imposed.
Where are they going to go? They became billionaires in this economic system, and even if they have to pay more in taxes, they’ll still be in the friendliest economic system on the planet.
If there were a better place, they’d already be there.
What he is scared of is billionaires deciding to not fund his presidential campaign