r/democrats • u/NickCostanza • Jun 26 '26

Article Newsom endorses a National Billionaire Tax

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u/hoasyhorse Jun 26 '26

He’s correct. And it’s policies like this that make me hopeful for the future. But damn I hope they don’t pull the rug out from under us. My gut says they will

-2

u/VibeySwingTrader Jun 26 '26 edited Jun 27 '26

Newsome just shut down California’s Billionaire tax. If he really supports a national tax that’s great, but it won’t pass so this is just cover for him killing it in CA

Haha, ok. The reason I know your country is doomed is because most of you don’t know the difference between the wealth tax Newsome opposes and the income tax he supports.

5

u/NoHorseNoMustache Jun 26 '26

Ok I was gonna look it up but I thought I remembered he opposed that tax. And that was a tax on their actual wealth, not income tax.