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.

  • Dogiedog64@lemmy.world
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    34 minutes ago

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

  • kreskin@lemmy.world
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    2 hours ago

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

    • 3abas@lemmy.world
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      5 hours ago

      They will run him, braindead liberals will simp for him, he will lose, and they will blame everyone who refused to vote for him.

      Democrats will not run a viable candidate because the mask has come off. They’d rather lose and continue cosplaying as opposition than to win and be criticized, the money is coming to their pockets either way.

  • some_guy@lemmy.sdf.org
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    4 hours ago

    I’m so proud that we’re led by a cool guy who doesn’t give a fuck about us. Yay California.

    State workers are about to strike in a couple of weeks. Even cooler.

  • AviAdi@suppo.fi
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    5 hours ago

    DEMOCRATS ARE COMPLICIT

    DEMOCRATS ARE CONTROLLED OPPOSITION

    KILL BOTH SIDES (electorally 😉)

    KILL THEM ALL (electorally 😉)

  • Floon@lemmy.ml
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    6 hours ago

    For everyone who was Team Newsom when he was busy taunting Trump with his tweets, this is why not everyone was bought in to Newsom 4 Prez. He’s a lizard.

    • bertlewirth@lemmy.world
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      14 minutes ago

      Democrats are spineless. They have ZERO spine and roll over to the trumpstein class at the earliest possible moment. Fuck the dems. Fuck the repubs

    • Mantzy81@aussie.zone
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      3 hours ago

      Democrats are still a right wing party like the UK Conservatives, or Australian Liberals. They only seem left leaning to GOP because they’re even further right, more like UK Reform or Australian One Nation (basically the party that that all the bigots and racists support - in all those cases).

      They don’t have a centrist party let alone a left-leaning one

    • BenLeMan@lemmy.world
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      5 hours ago

      He’s a California democrat. In that state, the Republicans are remarkably liberal and the Democrats remarkably conservative.

    • myyass@lemmy.world
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      5 hours ago

      This is what I keep trying to get across to people outside the US. It’s not how you think it is.

  • Loce@lemmy.world
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    8 hours ago

    This is the reason fucking Democrats lose the election. Fucking spineless slimy mother fucking corporate ass licking fucks. Fuck you gavin, eat a bag of dicks.

    • immutable@lemmy.zip
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      7 hours ago

      As a socialist that still votes for the lesser of two evils I look forward to them blaming me in a couple months because their absolute dog shit candidates dont win.

      Is it the party and awful candidates to blame that they can’t attract enough votes? No it’s those stupid voters that won’t vote for our terrible candidates.