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In reply to the discussion: Newsom Vows to Stop Proposed Billionaire Tax in California [View all]
ancianita
(42,953 posts)2. He needs to explain more, since it was his taxing the wealthy that balanced CA's budget, with even a surplus. Why is
this wealth tax so much worse?
California has the most billionaires of any U.S. state, with recent estimates placing the number around 190 to over 200, with figures varying slightly by source and date, but consistently showing California leading New York and Florida.
They're not ALL moving to TX, just a few.
So based on that population number, Newsom's arguments aren't solid and don't really hold up.
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He needs to explain more, since it was his taxing the wealthy that balanced CA's budget, with even a surplus. Why is
ancianita
19 hrs ago
#2
Just because he's an expert-level troll when it comes to Trump shouldn't mean that...
LudwigPastorius
16 hrs ago
#36
Billionaire taxes won't work well, what we need are corporate taxes and franchises should count as part of the company.
cstanleytech
19 hrs ago
#5
Because they actually will flee the country because they can afford it easily if we did it more than likely.
cstanleytech
18 hrs ago
#23
Yeah but they would probably do it Tina Turner did which is give up her citizenship.
cstanleytech
17 hrs ago
#32
Even vampires can come in handy especially if your in the need of kindling on a cold winter day.
cstanleytech
5 hrs ago
#57
We can't afford child care, health care and to put roof's over our heads and
Mr. Mustard 2023
19 hrs ago
#12
Instead of making a knee-jerk decision, he listened to the experts who work for him and made an informed decision
Jose Garcia
18 hrs ago
#18
Economists employed by the state determined that the new tax would create a short-term increase revenue.
Jose Garcia
16 hrs ago
#38
Newsome is not advocating cutting taxes for billionaires. Where did you get they idea that he was?
Jose Garcia
16 hrs ago
#40
I Wake Up This Morning And Find Newsom Wanting To Kill The Billionaire Tax & Warren Advising Tr**p On......
global1
17 hrs ago
#27
Not so fast! He isn't the only star candidate we've got! My senator, Chris Murphy, could be a terrific candidate for us.
CTyankee
16 hrs ago
#37
I am convinced that if Chris Murphy gets a shot at this, he can be considered a better choice than Newsom.
CTyankee
9 hrs ago
#50
I expect he is right, lots of folks would move to avoid a $50,000,000 tax bill (per billion)
EX500rider
15 hrs ago
#44