"The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources."
It’s one of the few things I can sympathize with him on. I would much rather see a national billionaire tax crackdown than an expansion of our shitty, loophole ridden state system we have now
You can be suspicious of Newsom and also acknowledge that he’s right about the federal level thing, though.
Sure, if he were being honest about and didn’t know perfectly well it has no chance of happening.
Was gonna say this. At the state level people just leave your state. At the federal level it’s a lot harder to ignore.
It’s one of the few things I can sympathize with him on. I would much rather see a national billionaire tax crackdown than an expansion of our shitty, loophole ridden state system we have now
Right in that it will fail at the national level as he expects. It’s such a slime ball move.
He’s wrong about his proposal actually doing anything, his suggestion is an income tax, not a wealth tax.