Not only has Gov. Gavin Newsom vocally opposed the proposed California billionaire tax, but he also wants to prevent the state from ever passing a wealth tax in the future.

On Friday he endorsed Proposition 42, a ballot measure that would cancel out Proposition 40, the proposed billionaire tax. Prop. 42 would prohibit retroactive taxes like the one-time 5% tax on assets that would apply to any billionaire who lived in California on Jan. 1, 2026 if Prop. 40 passes.

But Prop. 42, funded and placed on the ballot by billionaire and Google co-founder Sergey Brin to defeat the billionaire tax, also would go further, by banning any new taxes on personal property.

That includes pensions and 401K accounts before retirees start drawing retirement income from them. It also includes other investments, financial assets, business holdings, art collections and all other forms of personal wealth that would be affected by the billionaire tax or any future wealth tax.

Newsom’s decision to support Prop. 42 runs counter to his own Democratic Party and some labor unions. It also aligns him with some of the wealthy tech donors with whom he’s maintained longstanding relationships dating back to his days as mayor of San Francisco.

top 50 comments

sorted by: hot top controversial new old
[–] 3 points 3 hours ago

What a massive piece of shit!

  • source
  • [–] 7 points 4 hours ago* (last edited 2 hours ago)

    Remember when he was pretending to be a peoples governor?

  • source
  • [–] 15 points 5 hours ago

    Gavin Newsom is a clown & lapdog to the Epstein class. His legacy is mud

  • source
  • [–] 8 points 5 hours ago

    Nothing says fiscal policy like taking away your biggest revenue stream.

  • source
  • [–] 27 points 8 hours ago (2 children)

    Man, I so hope this kills his political aspirations dead.

  • source
  • hideshow 2 child comments
  • [–] 10 points 6 hours ago (1 child)

    He's the "Diet Republican" brand of Democrat (most Democrats are but especially him), and people have already shown repeatedly that they arent interested in that.

    People who want a Republican will vote for the real thing. People who don't want a Republican will vote for someone else. He's pandering to a crowd that doesn't exist in any significant size.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 0 points 2 hours ago

    ...at the state level, and instead have that tax at the federal level.

    That's an important bit of detail that somehow gets overlooked.

  • source
  • [–] 10 points 7 hours ago*

    The people continue to be treated like rag dolls for the rich. People are such clowns for voting for this system. Split this fucker up. It is time.

  • source
  • [–] 4 points 5 hours ago*

    Let’s see if Gavin newsom is in the Epstein files

  • source
  • [–] 48 points 10 hours ago (2 children)

    Gavin Newsom exemplifies what is wrong with the Democratic party.

  • source
  • hideshow 2 child comments
  • [–] 15 points 8 hours ago (2 children)

    How do you ban future laws? Isn't that a bit like when a 10 year old tells his girlfriend she isn't allowed to ever ever break up?

  • source
  • hideshow 2 child comments
  • [–] 47 points 10 hours ago (6 children)

    I don't want a one time tax on billionaires.

    I want an every year tax on billionaires.

  • source
  • hideshow 6 child comments
  • [–] 15 points 10 hours ago* (5 children)

    It's comical at this point. No way anyone votes for him if he tries to run for president.

  • source
  • hideshow 5 child comments
  • [–] 9 points 9 hours ago

    You'd be surprised. I thought the same thing about trump 2024. A lot of people only see newsom as a charismatic anti-trump, And don't actually see or care about his individual decisions or policies. Which, come to think of it, is very similar to how trump made it in.

  • source
  • parent
  • [–] 1 point 7 hours ago (2 children)

    The truly fucked part of government is the people who you'd want in the position absolutely want no part of the position. Almost everyone in government is in there for the money and the power. If you did manage to get someone in who is altruistic, they would simply be fighting against swarm upon swarm of horrible people, while at the same time refusing to take bribes and make personal deals to be able to advance any form of wealth.

    For the most part, we've designed our government to only attract self-serving pieces of shit, and the few that aren't in that camp never make it to the top because of all the other self-serving pieces of shit.

    We're looking at a sack of turds that occasionally does something anti-trump while licking the balls of some other oligarch, vs someone who walks out there talking centrist and campaigns for the right claiming they're very nice people.

    It is entirely possible that the DNC puts him out front instead of AOC, then we're left with whoever trumps successor is (asuming we ever have actual real elections again), or some democrat right sycophant, or trying to convince everyone in the fucking US to write in a name.

    We're cooked any way the cards fall

  • source
  • parent
  • hideshow 2 child comments
  • [–] 3 points 6 hours ago (1 child)

    Not really cooked any way the cards fall, you as an individual understand that alongside myself. Our knowledge and ability to discuss freely is what will save us. The senate has a good chance soon, we'll know:

    The Democratic candidates for those potential flips:

    North Carolina: Roy Cooper

    Ohio: Sherrod Brown

    Alaska: Mary Peltola

    Maine: Troy Jackson

    Texas: James Talarico

    Iowa: Josh Turek

    Kansas: Adam Hamilton

  • source
  • parent
  • hideshow 1 child comment
  • load more comments (1 reply)
    [–] 6 points 8 hours ago

    counterstrike vocal stem Enemy spotted.

  • source
  • [–] 12 points 12 hours ago (1 child)

    Such a similar name to Gavin Belson from Silicon Valley TV show. Coincidence?

  • source
  • hideshow 1 child comment
  • [–] 14 points 13 hours ago

    For fuck sake, he'll probably get picked to be the dems presidential candidate in 2028.

  • source
  • [–] 15 points 14 hours ago (1 child)

    Oh so he's making his pivot to UltraFascism now. Coooooooooooooooooooooooooooooooooooool.

  • source
  • hideshow 1 child comment
  • [–] 4 points 8 hours ago* (last edited 8 hours ago)

    Now? No lol he’s been fascist light for a long time. He just vetoed a bill that would have given native Americans water rights on the kalamath river. He vetoed a bill that would have kept private equity out of primary care. He created an Anti-semitism task force to hunt down teachers who teach correct history about Israel or lead protests. He vetoes all the progressive legislation that passes. My favorite is his little podcast that apparently he has time to do while acting as governor on which he talks to fascists like Bannon, Ben Shapiro and Charlie Kirk and sides with them

  • source
  • parent
  • [–] 24 points 16 hours ago

    Newsom is sure as f*ck not working for the voters. He is just a middle management asskisser.

  • source
  • [–] 6 points 12 hours ago

    I wonder what exactly is the tipping point between "Making money and helping the world" vs. "Whoa! I got a lotta money here and I need to goddam well protect it from parasites. Fuck the world". I put it at about 116 million.

  • source
  • load more comments
    view more: next ›