āHeās showing California his true colors,ā Debru Carthan, vice president of Service Employees International Union-United Healthcare Workers West (SEIU-UHW)āwhich is leading the campaign for the California billionaire taxāsaid in response to Newsomās endorsement of Proposition 42. āHeād rather millions of children and families lose their healthcare than ask a couple hundred billionaires to finally pay their fair share.ā
ā¦
But critics have described Prop 42 as a āpoison-pill measureā whose supporters are fearmongering about a nonexistent threat to retirement savings in an effort to defeat the proposed billionaire tax, revenue from which would be used to fund healthcare, food aid, and education in the state.
āIts true target is Prop 40,ā the editorial board of the San Francisco Chronicle wrote of the Newsom-backed measure. āProp 42 papers over its real purpose by cynically appealing to middle-class worries about retirement security. Reject this appalling tactic and disincentivize its further use by voting no.ā
Newsom has opposed the idea of a wealth tax on Californiaās billionaires from the proposalās inception, pitting him against major unions, the California Democratic Party, and prominent national progressives such as Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.).
Gavin Newsom please stop doing politics already, we all hate you and can see right through your shallow bs.
Double down and make this an annual tax.
What we really need is a rollback of the Reagan tax cuts, and an actual end to TRICKledown economics, just for starters. Economic Vampires like Newsom must be excised from the Democratic party.
At the current rate, it would take 30 days for people to make that money back. They really really need to pay up, they forgot what the alternative is if they donāt.
This man is not presidential material.
And this is why weāre fucked. The system needs to change, but the people with the power to do so donāt want the changes we need as it would remove their wealth and powerā¦ so whenās the revolution because itāll only get worse until then.
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Fortunately, this is exactly why we have ballot measures. Go vote!
If Newsom wins the dem primary for president Iām gonna be sooo inconsolable.
Same, that future is dark as fuck.
Prop 40 is basically a performative measure that will get tossed out in court. And itās completely toothless. A quick little one time handout. The tax code needs to be changed at the Federal level. But hey, if this get yāall to actually vote, fine.
Iām fine with trying both Prop 40 and pressuring our government to permanently raise taxes on the obscenely (and not so obscenely) wealthy.
The state needs the money if they have any shot of covering the services shortfall that was cut federally. Itās not about being punitive, thatās just how they want you to think about it for propoganda purposes.
Then the state legislature can extract the money through, I dunno, actual taxes. Prop 40 was written by some university professors and got on the ballot because enough people signed a petition for a āwealth taxā. The wealthy, along with corporations, absolutely need to pay more in taxes. But a āone timeā (how will that phrasing play in future attempts at properly taxing them!?!) siphoning of money (a mere 5%) will be a quick fix thatāll be gone within a year if the measure even survives the lawsuits.
Yeah, you want everything so you oppose anything short of that. And thatād just mean that weāll be stuck even longer with the status quo.
The billionaires got their president. Itās āfind outā time.
Oh whatās that you say? Whatās Gavin newsoms net worth? Oh I dunno 30 million, he surely doesnāt have a dog in that fight huh?
This is how he will show America that he is a man of the people. A true champion of the working class!
Yeah he sucks on alot of issues. If you live in California, you already know that. Most politicians out of California are in the deepest pockets of the mega wealthy just due to ease of access.
This is predictable behavior from him. He knows where his bread gets buttered. This I hate less about him than his weird trans stances.
Id still take him over any Republicans but Iām open to anyone that wants to primary against him! I assume many Californiaās are in the same boat for a multitude of different reasons. No broadly acceptable replacement has appeared though.
