My wife has long believed that Gov. Newsom is not really getting elected (at least by the voters, as distinguished from the vote-counters). 2/1/26 New York Post:
A staggering 60% of California voters back the billionaire wealth tax proposal, even though they admit it will spark businesses to flee the state and kill jobs, a new poll found.
Even when presented with a “full battery of economic and political arguments” against the wealth tax, Californians still back it by 54%, according to the poll of likely voters by public affairs firm Nestpoint.
“California voters are signaling something very clearly,” John Thomas, a veteran Republican political strategist who co-founded Nestpoint, told The Post.
“They are far more concerned with cost of living and public services than with the financial well-being of billionaires or the warnings coming from political and economic elites.”
A firm 52% of likely voters admitted that the tax will push entrepreneurs and jobs out of the Golden State, but only 48% agree that there are concerns with long-term revenue from a wealth tax, while 42% had concerns about Silicon Valley getting damaged, the poll found.
I think the theory is that it won't kill their jobs. They seem oblivious to the fact that the revenue collected from the billionaires will be small compared to revenue lost from hundreds of thousands of Californians not having paychecks from which taxes are withheld.
No problem. We can adjust it to be a millionaire's tax. Then a hundred thousandaire's tax. Then they will get hit themselves. Whoops!
Maybe, the purple-haired, septum-ringed crowd really do run California.
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