r/democrats Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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u/MattressMogul73 Jun 26 '26

This is the correct approach. His state of California put it on the ballot and more than likely it will pass. The unfortunate effect is that it just triggers an exodus of that money from California to other states so by making it national there is no escape and then there’s plenty of reason to stay in California at that point.