@FreedomFdtn Lie: California’s proposed “Billionaire Tax” is a Trojan horse that will eventually tax anyone who owns assets, and big unions are pushing it hard.
@FreedomFdtn 'THIS IS NOT TRUE. The legislature can only amend the Billionaire Tax Act if the statute is consistent with the purpose of the act, which is to put a one-time tax on billionaires. If you’re not a billionaire, you will not pay this tax.
@chamath Also, if the concern is ‘slippery slope,’ then that argument could be made about almost any law ever written. The real debate should be: who carries the tax burden today, and who benefits from the system most?
@chamath Fear-based framing leaves out an important detail: legislatures can amend tax laws because that’s literally how lawmaking works. That doesn’t automatically mean a ‘billionaire tax’ becomes an ‘everyone tax.’ Any expansion would still require legislation, public debate, and votes.
To be clear: @CaliforniaLabor has a position in support of wealth taxes & taxing billionaires. Any individual proposal or initiative will be taken up during our endorsement process next year. The Gov does not speak on behalf of organized labor.
🚨RATIFIED WORLD RECORD🚨
Sydney McLaughlin-Levrone continues to make history. Her 50.65 world record, set June 30 at the Olympic Trials, has officially been ratified!
She’s set to compete in the first round of the 400 hurdles at #Paris2024 on August 4. 🇺🇸✨
#JourneyToGold
My fellow Americans:
It’s been the honor of my life to serve as your President.
I draw strength and find joy in working for the people.
But this sacred task of perfecting our Union is not about me. It’s about you. Your families. Your futures.
It’s about “We the People.”
Joe Biden has been one of America’s most consequential presidents, as well as a dear friend and partner to me. Today, we’ve also been reminded – again – that he’s a patriot of the highest order.
Here’s my full statement: https://t.co/Bs2ZumFXxe
BREAKING: President Biden has told Hakeem Jeffries and Chuck Schumer he will be the nominee. Now is the time to put all questions to rest. Let’s go win this thing.