Three things:
1. “It’s time for an economic reset” is the most terrifying thing I’ve ever heard an American politician say. If you don’t get what those words portend, you don’t understand 20th century history.
2. Among Democrats, Newsom is considered a moderate, not a progressive. His endorsement of a wealth tax makes it an official part of the Democratic Party platform for moderates and progressives alike; the policy is now table stakes for any Democrat seeking office at any level and in any region. We are no longer going to be able to escape this by simply claiming it’s the fringe left advocating for it.
3. Notice that Newsom calls it a “billionaires tax” but references the wealth of the top 10%. If you think a tax such as this would be limited to billionaires, you are delusional (remember that the income tax originally applied to less than 1% of earners). Billionaires have an entire industry of wealth managers, lawyers, and tax advisors helping them shelter assets. When this “billionaires tax” fails to collect even a small percentage of what Democrats promise it will, they will quickly expand it to apply to anyone with even $5M of assets (which is a top 2% net worth). Ordinary people far below the level of the ultra-wealthy—main street small business owners, mom-and-pop real estate investors, farmers, anyone with a decent-size nest egg in their IRA or 401k account—will quickly feel the pain as well.
Pay attention. This is serious, it’s not going away, and it’s going to come for all of us, billionaire or not.
I now understand the American dream.
I came to the World Cup because I was offered a last minute ticket to watch England play Croatia in Dallas and I started documenting my journey.
The content went viral on social media. So much so, the President of the United States saw it himself.
I was invited to attend the grand opening of the great American state fair for freedom 250 and halfway through Donald Trumps speech, I was told to come and wait back stage for a photograph.
This sort of thing could only happen in America.
As an Englishman I never really understood what America has to make it “the land of opportunity”
But results speak for themselves.
🚨 Have you read DSA’s National Platform?
If you haven’t, you should! I beat DSA to the punch in unveiling its national platform reboot. My article will put you ahead of most people in understanding what DSA actually believes, where it is headed, and some of the internal tensions among its national leadership.
If you’ve ever felt like you don’t fully understand DSA, or have a friend or family member confused about what the organization actually stands for, start here.
You can find both my article and the full text of the platform below.
Nothing to see here in California… Just our Governor directing over $300 million to nonprofits, some of which contract with his wife’s production company that has paid her over a million dollars in salaries. This kind of activity is illegal in a lot of other states, but it is legally allowed here in California.
It is a form of legal money laundering, and that should be changed.
We also have a new bill called the “Nonprofit industrial complex” or the Office of Nonprofit Empowerment. This bill would establish a state run office that directs even more funds to nonprofits like CHIRLA and 1000s of others.
We have created a nonprofit industrial complex here in the state of California, and it must be stopped. It is a legal way to wash your taxpayer dollars to do the bidding of those who are in charge.
You should check right now if the nonprofit you like to donate to has administrative costs over 40 percent. If they do, you probably have a problem.
These nonprofits are running legislation like the “Stop Nick Shirley Act” and then exempting themselves when investigative journalists come around.
I may be crazy, but it sounds like California is.
Share, repost, like and vote to save California.
@RoKhanna@elonmusk Now you want to debate even though you said you wanted him subpoenaed and investigated.
Which is it Ro? This is your typical operational tactic. You always change the story and try to twist the facts.
Anyone notice Ro stopped responding after @Georgesantos’ last comment?
And he shifted from singling out @elonmusk to saying, “ I don’t think we need to single out any individual…”
It’s like what @ethanagarwal says about him. He changes subjects and couches his terms so he sounds reasonable and anyone with an opposing viewpoint sounds unreasonable. He’s been doing it for year and always gets away with it. But he’s a fraud and always has been.
California is basically pre-revolution USA. The ballot-harvesting-assisted appointments of CA political “leaders” + the extraordinary tax increases = taxation without representation.
This new tax, if signed by Newsom, will give them another $900m with which to lose/flush down the toilet/enrich themselves. This is ON TOP of the sales tax increase that mysteriously passed after “late-arriving ballots” were counted last month.
I guess those who voted for Gavin Newsom love this kind of thing.
Ro Khanna built his little morality cathedral on the idea that wealth inequality is some national sin requiring government punishment.
Then Grover Norquist walked in, flipped on the lights, and pointed straight at the altar.
You first, Congressman.
That’s the kill shot.
Not because $11.6 million is the whole debate. Not because one check solves federal spending. But because it exposes the entire wealth-tax racket for what it is: a sermon for other people’s wallets.
Khanna wants the state to stalk accumulated success like a repo man with a badge. Your assets. Your business. Your investments. Your unrealized gains. Your family holdings. Your illiquid property. All of it tossed onto the government scale so bureaucrats can decide how much of your life’s work they feel entitled to this year.
And they call that justice.
No, that’s not justice.
That’s envy with a spreadsheet.
That’s confiscation wearing a charity-shop halo.
That’s politicians who benefited from capitalism trying to kneecap the ladder after they climbed it.
Silicon Valley didn’t become Silicon Valley because some federal tax ghoul audited ambition into existence. It was built by risk, capital, failure, obsession, invention, and reward. The wealth-tax crowd shows up after the engine works, throws sand in the gears, and congratulates itself for caring about the workers stranded on the side of the road.
Grover’s envelope did what a thousand policy papers couldn’t.
It forced the preacher to face his own gospel.
If Ro Khanna believes wealth confiscation is moral, he doesn’t need a law.
He needs a pen.
Cut the check, Ro.
Or admit the revolution was always scheduled to begin in someone else’s bank account.
(article below)
@FloppingAces He’ll never do it. He’ll dodge this and won’t answer questions but will give lots of lectures… sorry. I mean speeches about how unjust things are.
California just passed a law to fine you up to $10,000 — and jail you — for posting footage that exposes government-funded fraud.
They call it “privacy.” Everyone else calls it the Stop Nick Shirley Act.
The author? Mia Bonta — wife of the Attorney General whose own office was prosecuting that exact fraud.
They can’t answer the fraud. So they’re coming for the cameras.
Passed the Assembly 57-19. In the Senate right now.
https://t.co/bYQD11T69M
#AB2624 #StopNickShirleyAct #California #FirstAmendment
Ask yourselves: why would Hezbollah need stockpiles like this in South Lebanon?
💥 5 tons of explosives
💥 Dozens of killer drones
💥 Land mines and IEDs
This was all meant to be used against the people of Israel, and our northern cities and villages.
This is what we're defending ourselves against.
⚠️EXPOSED!! An underground Hezbollah terror tunnel 200 meters long and 25 meters deep, with 4 launch shafts and massive number of weapons.
Share this. The mainstream media won’t.