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EX500rider

(12,205 posts)

44. I expect he is right, lots of folks would move to avoid a $50,000,000 tax bill (per billion)

Tue Jan 13, 2026, 02:41 PM

5 hrs ago

Also being worth a billion does not mean you have the 50 million in the bank so moving might be the cheaper outcome for some.

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Newsom Vows to Stop Proposed Billionaire Tax in California [View all] demmiblue 10 hrs ago OP

Talk about being on the wrong side of history - nt TBF 10 hrs ago #1

He needs to explain more, since it was his taxing the wealthy that balanced CA's budget, with even a surplus. Why is ancianita 10 hrs ago #2

Just when you think he's your guy, House of Roberts 10 hrs ago #3

Just because he's an expert-level troll when it comes to Trump shouldn't mean that... LudwigPastorius 6 hrs ago #36

Because the gods only know, the wealthy are too poor to pay taxes. n/t malthaussen 10 hrs ago #4

Billionaire taxes won't work well, what we need are corporate taxes and franchises should count as part of the company. cstanleytech 10 hrs ago #5

Why not both? Fiendish Thingy 9 hrs ago #11

Because they actually will flee the country because they can afford it easily if we did it more than likely. cstanleytech 8 hrs ago #23

If they are US citizens, fleeing the country won't protect them Fiendish Thingy 7 hrs ago #25

Yeah but they would probably do it Tina Turner did which is give up her citizenship. cstanleytech 7 hrs ago #32

Good. Let them flee. travelingthrulife 5 hrs ago #47

he needs to clearly say that if it is the reasoning JT45242 7 hrs ago #34

Wow...well at least he is telling us now angrychair 10 hrs ago #6

This is very upsetting EuterpeThelo 9 hrs ago #7

who are his donors. let's start there. Javaman 9 hrs ago #8

Spoiled little billionaires Clouds Passing 9 hrs ago #9

A man of the people, amirite? Fiendish Thingy 9 hrs ago #10

We can't afford child care, health care and to put roof's over our heads and Mr. Mustard 2023 9 hrs ago #12

This is the problem with some democrats right here Mr. Sparkle 9 hrs ago #13

More NOPE for Newsom. n/t CountMyVote4Reality 9 hrs ago #14

I don't think I will be supporting him in 2028 primary. grockri 9 hrs ago #15

I trust Gavin. As usual conservatives are trying to kneecap him flamingdem 9 hrs ago #16

Please explain. I'll keep an open mind on this, HOWEVER..... groundloop 8 hrs ago #19

Words in his mouth? RoseTrellis 8 hrs ago #22

Well, Karma13612 9 hrs ago #17

Kelly should destroy Gav. Traildogbob 7 hrs ago #26

Instead of making a knee-jerk decision, he listened to the experts who work for him and made an informed decision Jose Garcia 8 hrs ago #18

What was that exactly angrychair 8 hrs ago #20

Economists employed by the state determined that the new tax would create a short-term increase revenue. Jose Garcia 6 hrs ago #38

I call BS angrychair 6 hrs ago #39

Newsome is not advocating cutting taxes for billionaires. Where did you get they idea that he was? Jose Garcia 6 hrs ago #40

Again angrychair 6 hrs ago #41

Billionaires are hoarders duckworth969 2 hrs ago #49

This message was self-deleted by its author angrychair 8 hrs ago #21

that's typical Newsom Nigrum Cattus 8 hrs ago #24

I Wake Up This Morning And Find Newsom Wanting To Kill The Billionaire Tax & Warren Advising Tr**p On...... global1 7 hrs ago #27

But they have so much money still after they pay taxes? pwb 7 hrs ago #28

Wow, that's the line for me. Please don't run for president. Buddyzbuddy 7 hrs ago #29

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 6 hrs ago #37

Newsome is the only elimination at this point. Buddyzbuddy 3 hrs ago #48

I am convinced that if Chris Murphy gets a shot at this, he can be considered a better choice than Newsom. CTyankee 5 min ago #50

Goodbye Presidential bid orangecrush 7 hrs ago #30

Isn't the tax proposal 5%? RussBLib 7 hrs ago #31

I generally like him -- but he is on the wrong side of this one JT45242 7 hrs ago #33

"Newsom Vows to Stop Proposed Billionaire Tax in California" LudwigPastorius 6 hrs ago #35

L O L RandiFan1290 5 hrs ago #42

This billionaires tax is going to be on Deminpenn 5 hrs ago #43

I expect he is right, lots of folks would move to avoid a $50,000,000 tax bill (per billion) EX500rider 5 hrs ago #44

bad move dude travelingthrulife 5 hrs ago #45

Well, I sure as hell am going to vote for it. travelingthrulife 5 hrs ago #46

He needs billionaire money for '28. Sneederbunk 1 min ago #51