12
.jpg)
- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
California rejects billionaire asset seizure
Posted on 11/10/26 at 10:51 am
Posted on 11/10/26 at 10:51 am
I can’t believe California rejected it.
https://www.breitbart.com/politics/2026/11/10/californians-reject-punitive-one-time-tax-on-billionaire-wealth/
quote:
A punitive one-time tax on California billionaires via Proposition 40 is heading for defeat, multiple news organizations forecast Monday.
It took nearly a week of counting votes after last week’s midterm election to determine a projection on the measure.
AFP notes the imposition would have forced some 200 billionaires in the state to part with up five percent of their total net worth as a penalty for their business success. CNN and CBS News both projected Proposition 40 would fail after voters cast ballots on whether to approve the divisive tax penalty on wealth creators.
The measure has garnered a massive amount of pushback, even from many Democrats, including California Gov. Gavin Newsom, who warned the measure could backfire and drive wealth from the state.
https://www.breitbart.com/politics/2026/11/10/californians-reject-punitive-one-time-tax-on-billionaire-wealth/
Posted on 11/10/26 at 10:51 am to tigersbh
these are the policies you voted for, America.
straight up asset seizure.
straight up asset seizure.
Posted on 11/10/26 at 10:52 am to tigersbh
Even among commie states, green is still king.
Posted on 11/10/26 at 10:53 am to tigersbh
Executive Order inbound?
No idea how Calif politics actually work, but assuming the 'will of the people' is immaterial and plays no real part of state law creation.
No idea how Calif politics actually work, but assuming the 'will of the people' is immaterial and plays no real part of state law creation.
Posted on 11/10/26 at 10:53 am to tigersbh
quote:
The measure has garnered a massive amount of pushback, even from many Democrats, including California Gov. Gavin Newsom, who warned the measure could backfire and drive wealth from the state.
Ya think?
Posted on 11/10/26 at 11:00 am to MemphisGuy
Already drove some wealth from the state from just the realization that it would be on the ballot.
Just a dumb move overall by California
Just a dumb move overall by California
Posted on 11/10/26 at 11:02 am to tigersbh
quote:
The measure has garnered a massive amount of pushback, even from many Democrats, including California Gov. Gavin Newsom, who warned the measure could backfire and drive wealth from the state
Guess what? They're fleeing anyway. They know this shite will happen at some point.
Posted on 11/10/26 at 11:03 am to Vacherie Saint
quote:
these are the policies you voted for, America.
seems they did not
Posted on 11/10/26 at 11:30 am to tigersbh
proposition may not have passed but the negative effects of the proposal will have its impact. there was a mass exodus of billionaires and their reoccurring tax base that left when it was put on the ballot.....
a number of pundits were saying if passed the tax would have a newt revenue effect. they said many would leave taking their reoccurring taxes and that the one tie theft, i mean tax, would not cover the long term loss in revenue. no they have the loss in long term revenue without the on time theft.....
a number of pundits were saying if passed the tax would have a newt revenue effect. they said many would leave taking their reoccurring taxes and that the one tie theft, i mean tax, would not cover the long term loss in revenue. no they have the loss in long term revenue without the on time theft.....
Posted on 11/10/26 at 1:17 pm to tigersbh
When Californians voted down the tax, did they also vote out the people who pushed it?
Or was it another example of people not being able to think past the first order?
Or was it another example of people not being able to think past the first order?
Posted on 11/10/26 at 1:24 pm to tigersbh
billionaires can get away from the tax man, but folks like me and you won't
Posted on 11/10/26 at 1:24 pm to tigersbh
They'll be back.
Posted on 11/10/26 at 1:27 pm to tigersbh
California passed proposition 3 though.
Posted on 11/10/26 at 1:27 pm to tigersbh
Not by much,. Like 55% to 45%. Still lots of Commies.
Posted on 11/10/26 at 1:32 pm to tigersbh
I was shocked that it was even proposed and supported by elected officials and very happy to see it rejected
World class stupid
World class stupid
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News