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FascismIsDeath

(54 posts)

20. No, its like I said, he doesn't favor the actual "Wealth Tax" policy. He is fine with progressive income taxes...

Mon Dec 8, 2025, 04:16 PM

Dec 8

...where higher earnings are taxed at higher rates. That is our most common form of "taxing the wealthy". Newsom is not against that.

The "Wealth Tax" policy idea is different. That is saying "we are going to annually tax people based on their net worth, over and over and over". So if I have a billion and a half dollars in savings, they would tax that a certain percentage, then that might bring that savings down it 1.3 billion or something but then next year, those same left over dollars get taxed again. He seems to be opposed to retaxing something that was already taxed.

I'm not saying I am personally against the Wealth Tax policy either. I'm actually fine with it (though its likely never getting passed anytime soon).

But in this big tent party, people are allowed to have nuance and not support every single progressive idea, as long as they agree with the overall concepts, I can tolerate that. We have to tolerate it if we are ever going to hold a coalition together that is large enough to outvote the roughly half of the country that generally opposes everything the left, center-left and even so called moderates, stand for.

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Newsom Echoes Progressives: Mamdani, AOC, and Sanders Shape the Future Democrats Need [View all] egbertowillies Dec 5 OP

Damage control or saying whatever to which group he's taking to Blue Full Moon Dec 5 #1

Saying things most Democrats agree with doesn't require damage control. BannonsLiver Dec 5 #10

It's the same thing! MorbidButterflyTat Dec 5 #14

In the same interview he says he's against taxing the wealthy leftstreet Dec 5 #2

Being against the "wealth tax" is not the same thing as being against "taxing the wealthy". FascismIsDeath Dec 5 #3

LOL okay n/t leftstreet Dec 5 #4

Not so lol when you consider that Newsom's taxing the wealthy led to CA having a budget surplus. Very smart. ancianita Dec 5 #8

Maybe he's forgotten that leftstreet Dec 5 #9

Or you have. You think the governor of the 4th largest economy on the planet has to have the exact politics you ancianita Dec 5 #11

Not at all leftstreet Dec 5 #12

No, its like I said, he doesn't favor the actual "Wealth Tax" policy. He is fine with progressive income taxes... FascismIsDeath Dec 8 #20

It doesn't matter leftstreet Dec 8 #23

I don't know if Newsom is 'past his expiration date' or not, but EVERY Democrat should be saying Jack Valentino Dec 8 #29

Doesn't this entire post violate the DU TOS? John Coktosten Dec 5 #5

It surely wouldn't have survived the great purge of 2015 LT Barclay Dec 5 #6

I was only a DU lurker back then. John Coktosten Dec 5 #7

Anyone who questioned the wisdom and ultimate coronation of Hillary was attacked and often removed. LT Barclay Dec 6 #15

I remember seeing exactly what you're mentioning. John Coktosten Dec 6 #16

It is not what it stands for but it is what is has become. Just look at what happened when a bunch of senators were LT Barclay Dec 6 #19

Octafish is still here -- channeled by Kid Berwyn Kid Berwyn Dec 8 #22

I'm glad! And it is good to know you are back. For some reason I could never get registered with that website. LT Barclay Dec 8 #25

Thank you, my Friend. Kid Berwyn Dec 9 #36

I have heard H2O Man Dec 8 #35

Working for Alfred's dogsbody, as bathrooms don't clean themselves. Kid Berwyn Dec 9 #37

and still might be! Jack Valentino Dec 8 #26

I voted for Bernie in the CA primary over Joe because I thought he had the better chance of winning. usonian Dec 8 #32

I voted for Joe Biden in 2020, because I thought he had the best chance of winning--- Jack Valentino Dec 8 #33

I'm glad I was wrong in 2020, that's for sure. usonian Dec 8 #34

How so? Have you ever read the rules? ancianita Dec 5 #13

I don't see it either. pat_k Dec 6 #17

I hear you. ancianita Dec 6 #18

Oh flame wars. usonian Dec 8 #27

Sounds a little like a backward attack on the OP, amigo.... Jack Valentino Dec 8 #30

This message was self-deleted by its author PeaceWave Dec 8 #21

Absolutely. Kid Berwyn Dec 8 #24

I admire his quick responses---- the last Democrat who was so quick with Jack Valentino Dec 8 #31

Egberto is a DU member. usonian Dec 8 #28