Post #79735 by Dope1 on the US Policy board

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Yeah, this will work.

The democrats' leading candidate for President in 2028 - Gavin Newsom - wants to take a wealth tax national:

https://www.cnn.com/2026/06/26/politics/gavin-news...

Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign. “The system America’s founders built was designed to prevent the concentration of power in a few hands, but we have allowed that concentration to happen anyway, slowly, in plain sight, over decades,” Newsom writes. “We can reverse it together, as a country.” It is extremely early in the presidential campaign cycle for a policy proposal — but comes as Democrats continue to embrace economic populism and moves against the wealthy. It also comes as California voters in November will decide on a billionaires’ tax after the governor and opponents of the tax late Thursday failed to reach a deal to keep it off the ballot.

We've covered ad nauseum how bad and how unworkable an idea this is but since the democrats are now feeling pressure from the DSA on their left flanks...here comes the really stoopid ideas.

Grab your popcorn!

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