“Newsom does not want to tax billionaires,” said the Billionaire Tax Now campaign, “but he wants you to think he does.”…

“Newsom does not want to tax billionaires,” said the Billionaire Tax Now campaign, “but he wants you to think he does.”

  • Stern@lemmy.world
    1·
    27 days ago

    Counterpoints:

    1. The CA billionaire tax was set up with rich folks possibly leaving in mind. If they’re residents on Jan 1, 2026, they’re stuck.
    2. Newsom sees it has a chance to pass in state and knows it won’t pass federally, so he’s playing games there.
    3. Rich folks were always gonna look for loopholes. Its how they stay rich.
    4. IMO less rich people then you think would leave. They don’t want to be a huge fish in Kansas, they want to be a big fish in San Fran.