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re: Billionaire tax measure qualifies for California ballot

Posted on 6/18/26 at 3:45 pm to
Posted by i am dan
NC
Member since Aug 2011
31943 posts
Posted on 6/18/26 at 3:45 pm to
quote:

revenue for health care programs


To continue all the fraud in fake daycares, autism centers, and medical transportation services.
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
91439 posts
Posted on 6/18/26 at 3:46 pm to
Bingo the one time tax will be yearly and dropping to 200k before you know it
Posted by WhiteMandingo
Member since Jan 2016
8017 posts
Posted on 6/18/26 at 3:52 pm to
Wow and every billionaire moved from California 1 day before the law can take place.
Florida and Texas will just get bigger and the pool of money in Cali will dry up.
When you hate successful people, but need them to leach off of they tend not to stick around very long.
Posted by Ailsa
Member since May 2020
9653 posts
Posted on 6/18/26 at 4:15 pm to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139753 posts
Posted on 6/18/26 at 4:16 pm to
quote:

Billionaire tax measure qualifies for California ballot
I do hope they pass it!
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139048 posts
Posted on 6/18/26 at 4:32 pm to
quote:

California Gov. Gavin Newsom (D) also opposes the initiative, arguing that it should be used across the country instead of solely in the West Coast state.

For as stupid as that psychopath is, he knows that every billionaire will bail out of that state so fast if they enact this.

Although, it will put him an an absolutely hilarious position to have to veto it.
Posted by BCvol
Member since Jan 2022
526 posts
Posted on 6/18/26 at 4:38 pm to
This needs to pass in California so all can see the consequences. Vote yes in California for the lesson to be learned before they attempt it nationwide.
Posted by Auburn1968
NYC
Member since Mar 2019
26883 posts
Posted on 6/18/26 at 4:43 pm to
quote:

First, they came for the billionaires. . .


The first income tax was small and was only on those considered rich at the time. Guess we know how that went.
Posted by Tigers0918
Member since Feb 2020
1880 posts
Posted on 6/18/26 at 4:53 pm to
quote:

Bc a lot of the billionaires they claim to hate aren't billionaires in their bank accounts, they are on paper.


Most would consider house value net worth on paper and yet we are taxed on that every year.
Posted by TigerAxeOK
In the woods and by the waters.
Member since Dec 2016
38469 posts
Posted on 6/18/26 at 4:58 pm to

California is about to lose a ton of their revenue.

This is awesome. Just when you think they can't possibly get any more retarded, too.
This post was edited on 6/18/26 at 4:59 pm
Posted by HagaDaga
Member since Oct 2020
8188 posts
Posted on 6/18/26 at 6:16 pm to
Newsome coming out with a very impressive national campaign point here. Lefties love trying to screw all over and let no one escape.

The billionaires just need to tell their employees that if this passes they will move the company, and theirs no guarantees they will be brought along. Vote Yes at your own peril.

I'm sure they will try to make this retroactive, which is the part I can't see as being Constitutional.
Posted by thejudge
Westlake, LA
Member since Sep 2009
15204 posts
Posted on 6/18/26 at 6:22 pm to
quote:

A one-time wealth tax


Lmao
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