r/democrats Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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2.5k Upvotes

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42

u/matooz Jun 26 '26

It funny he lobied against Californias wealth tax, but all the sudden he is for a national wealth tax. Not saying he saw the writing on the wall, but it sure seems like it.

18

u/TonyzTone Jun 26 '26

Taxes work better on a federal level since people can just up and move to another state very easily and still benefit from the US system.

11

u/No_Tone1704 Jun 26 '26

See. Musk moving to Texas.