Midway through this summer, a high-quality poll found that Democrats in California were overwhelmingly in favor of the upcoming ballot measure for a one-time 5% tax on billionaire wealth.
The ratio was more than 4 to 1. But the state’s most powerful Democrats – including the governor Gavin Newsom, his near-certain successor Xavier Becerra and the Los Angeles mayor Karen Bass – have lined up with Silicon Valley billionaires who’ve raised upward of $340m to defeat the initiative.
If it was actually happening at the federal level he would oppose it for the exact same reason, “billionaires are going to move out of the US, we can’t tax them unless it’s an international treaty”
“An international treaty isn’t the right way to do this; billionaires will just find another solar system to move to. We can’t tax them unless it’s done by the galactic government”