It will never pass because it will take 2/3ds of Congress and 3/4ths of all 50 state legislatures to change the U.S. Constitution, which only allows for income taxation, not assets. It will be easily challenged in court as it violates the Constitution on multiple fronts - the direct tax clause, the 5th, 14th, 16th Amendments and more.
It would unconstitutionally tax unrealized paper gains—like the increased value of a house even if it’s not sold—and even illiquid assets.
It would take an expensive, intrusive army of bureaucrats to figure out asset values and those fights, too will tie up courts for years to come.
Democrats instead repeatedly don’t focus on first stopping waste, fraud and abuse in government - including the $2.4T blown on wrong payments since 2004, the hundreds of billions of dollars wasted and stolen in Medicare, Medicaid, pandemic relief and more. Fix your house first before you overtax the house itself. Government should demonstrate it can effectively manage existing tax revenues before seeking additional revenue.
9 nations in Europe abandoned it-including France, Germany, Denmark, Finland and Sweden, because it cost more than the tax would ever collect. After capital flight and the top brackets fled, nations in Europe then started over taxing the middle class.
California’s own proposed wealth tax violates California’s own state constitution, including limits on taxation, uniformity requirements, due-process protections against confiscatory taxes, and strong protections for property rights. @GavinNewsom@ap@x@ABC@CBSNews@nbc@wsj@nytimes@FoxBusiness@FoxNews@eveningedit #news @elonmusk #breakingnews
The billionaire tax is going to destroy Gavin Newsom's state—the majority of the state's ultra-wealthy are already making exit plans—so he wants to pawn it off on the entire nation. This is a bad idea, proposed by a bad man, that will produce bad results. Must be stopped.
🚨 HUGE WIN FOR ELECTION INTEGRITY!
US Postmaster General just dropped the hammer on Congress: The Post Office WILL NOT deliver mail-in ballots for the 2026 midterms to any states that refuse to comply with President Trump’s election integrity executive order!
No more shady, unsecured mail-in chaos in blue states trying to rig the game.
🚨 HUGE NEWS: The US Postmaster General has just told Congress that the Post Office WILL NOT deliver mail-in ballots in the 2026 midterms to states who refuse to comply with President Trump's election integrity executive order
This order makes sure mail-in recipients are CITIZENS and are who they say they are — on top of making mail-in voting more secure
LFG!! Don't let the Dems defeat this in court! 🔥
California is going broke subsidizing free healthcare for illegal immigrants, and now the bill is coming due. @DrOzCMS and the Trump administration have audited the books and found that California improperly claimed over $1 billion in federal Medicaid funds to cover non-emergency care for illegal immigrants (money that federal law never authorized).
CMS told California it owes the federal government $2 billion and has already successfully recouped half of it.
This is even more proof Anthony Fauci lied to me when he said, "The NIH has not ever and does not now fund gain of function research in the Wuhan Institute of Virology."
Last week, Anthony Fauci notified us he will NOT voluntarily testify before the Senate Homeland Security and Governmental Affairs Committee, even though he had previously agreed to do so.
Therefore, today I have issued a subpoena requiring him to testify before the Committee, in public, next month.
Declassified documents confirm what I've been saying for years: Anthony Fauci didn't just fund dangerous research at the Wuhan lab. He personally shaped what the intelligence community told the American people about COVID's origins. 18 agencies relied on his guidance. That’s the very definition of a cover-up.
https://t.co/A66w7XeFgl
Here is what we know: U.S. taxpayer money, funneled through USAID and NIH, funded gain-of-function research at the Wuhan Institute of Virology. That research likely caused the COVID pandemic that killed millions and cost trillions.
Dr. Fauci personally signed off on these experiments, then lied to Congress about it. Biden tried to protect him with a last-minute pardon. That’s the very definition of a cover-up.
You own a bicycle? Great, you owe us 5%." 🛑 DO NOT SCROLL.
They call it the "Billionaire's Tax," but the fine print says something completely different. This clip exposes the terrifying loophole that could let the state tax your unrealized gains—meaning money you haven't even made yet.
But here is the real kicker that will make your jaw drop: how they plan to pass it using a completely untraceable voter loophole.
You cannot make this up. Jillian Michaels and Elaine Culotti breaks down the entire hidden pipeline in 30 seconds flat. Drop your thoughts below before this gets taken down! 👇 @lipstickfarmer
Watch the full episode on my YT channel! Link is in the comments ⬇️
No bigger buffoon on the GOP national stage than this guy.
I had stalwart conservatives in DOJ tell me during the Bush Administration that Christie was a clown that everyone laughed at, but his willingness to say anything, and his proximity to the NY media market meant he would never go away.
The voters of LA enjoy these results. Maybe after Karen Bass @MayorOfLA is appointed once again in Nov, we’ll have a big earthquake. Then she’ll have a chance to display her lack of city preparedness on an even bigger scale.
LA, you are on your own.
Iran has walked away from talks on a deal that would give them $300 billion in investment because it’s more important to them to occupy Lebanon with a terrorist militia that kills Israeli civilians. There is no partner for a favorable deal. It is time to end the regime. It chose.
Anthony Fauci inflicted immeasurable harm on the American people—all while misleading Congress about gain-of-function research funding, shaping the narrative against the lab-leak hypothesis, and directing taxpayer dollars to risky coronavirus experiments
History will revile him
Good chat with President Trump tonight
He’s not giving up on the SAVE America Act
Neither am I
He’s as convinced as I am that we can get this done if the Senate’s willing to do the hard work
Pass it on if you’d like to see that happen