Stick a Fork in California: Gov. Newsom’s Proposed Retroactive Billionaire Tax

California Globe ^ | 11/24/25 | Katy Grimes

[ryderann]

Is he trying to extort money under the table to drop this proposal? It was the very first thing I thought of.

[PAR35]

I don’t have a problem with folks from the Pacific states moving in Texas as long as they agree to never vote here.

[Carry_Okie]

Grabbin’ Noisome is a protégé of the Getty Oil fortune, at one time the richest family in the world. Hence, this is guaranteed to backfire.

[lurk]

The thing about one-time money injections is that they happen one time. $1B in Gavin bucks will disappear like a vapor.

After that even the dumb rich people will fly away.

[Ronaldus Magnus III]

Proponents assert that the measure would not cause billionaires to flee the state because of the one-time nature of the tax.

Riiiiiiiiiiiight.........

[mitchjackson1972]

The only people voting for democrats in CA are illegals

[Regulator]

“SEIU is sponsoring the “2026 Billionaires Tax Act.”

Because of course they are.

It’s the Illegal Alien Union.

We came to take what you have, Greengo!

[BipolarBob]

Who doesn’t like a surprise retroactive tax?

[drypowder]

As Kalifornia goes, so goes the nation. Newsom is just the messenger and the dirty works thug for the NWO/WEF criminal pukes.

[ProtectOurFreedom]

“One time” — LOL...That’s like asking a shark to take only one bite of flesh after it smells blood.

[zeestephen]

In most cases, billionaires have a very limited cash position.

That means they will have to sell assets to pay their 5% California confiscation.

Who will decide the market value of a private company?

And - just a one time tax?

That will be the day!

[Wayne07]

"The only people voting for democrats in CA are illegals"

That is so wrong, and so disconnected from the reality of how messed up California is... Harris won White men in California by 12 points. There is no good group of people in California.

[ProtectOurFreedom]

Idaho tracks the voter registration of people who move here from other states. We find that people from CA relocating to ID register Republican far more than Democrat.

[tennmountainman]

An EXIT TAX.

[Flash Bazbeaux]

“Chevron Oil Company moved its headquarters to Houston, Texas from San Ramon, CA where it has been based since 1879”

Actually, Chevron was in downtown San Francisco, on Market Street, until 2001. the front was a like a moat with a bridge going over it to the front entrance, but instead of water, it had tulip beds. Maybe they got tired of all the street protests in front of the building.

[ConservativeMind]

No state government ever needs to care about their budget because there will always be people to tax and financial institutions okay with lending to them.

[bankwalker]

Is that similar to the Berlin Wall?

[OttawaFreeper]

I look at it this way, the many billionaires in that state and elsewhere in the U.S. likely know to keep very little if any of their wealth in America.

[GOPJ]

California’s own Chevron Oil Company moved its headquarters to Houston, Texas from San Ramon, CA where it has been based since 1879, one of the biggest businesses to flee the Golden State.Chevron is in good company joining X/Twitter, Space X, Oracle, Hewlett Packard, Charles Schwab, and Toyota Motor North America, Nissei America, Inc., The Joe Rogan Experience, Gordon Ramsay North America, The Rubin Report, to name just a few of the businesses leaving California because of the state’s leftist/Marxist politics and regulatory environment.

Gavin doesn't get it - these folks are never coming back... Gavin's a friggin' idiot.