Gavin Newsom Wants a ‘Big Tent Party,’ But Opposes Wealth Tax Supported by Large Majority of Americans
Source: ChaskaChanhassen
Gavin Newsom Wants a ‘Big Tent Party,’ But Opposes Wealth Tax Supported by Large Majority of Americans
Source: ChaskaChanhassen
27 Comments
Then he is part of the problem, not part of the solution.
Newsom is being tone deaf here.
If dems want to win in 28 they need a candidate who’s willing to meet voters where they are and one of the things that matters to most Americans is dealing with wealth disparity.
Yes, because he doesn’t actually want a “big tent” party. It’s the same messaging as “vote blue no matter who.” Diversity in beliefs are only relevant when it benefits him (and others) while running for office.
Neoliberals are not your friend. Neoliberals do not want you to prosper. They want you to accept the little morsels and scraps that they toss you and for you to *never* ask for more.
After all, you don’t want the Republicans to win, do you? They’ll take away your bone and your scraps, so just be a good dog and shut up. That billionaire needs another yacht.
This is the classic “big tent” paradox. The tent is big enough for a wide range of opinions, as long as those opinions don’t challenge the wealthy donors holding up the tent poles. Supporting something 70% of Americans want seems like a no-brainer for a populist party… unless populism conflicts with the donor class.
Please Democrats do not pick this corporatist to be your nominee.
The US tax system is fundamentally designed in favor of the wealthiest.
A one off 5% wealth tax won’t fix that. It’s bad policy because it doesn’t address the problem and is guaranteed to create more. If it was passed and enacted, how long would it be before it was proposed again? 2 years? 5 years? 10 years? So now you have a system with no set rates for the wealthiest, because they’re in a position where the State can at any given time decide they want to take 5% of their net worth.
How about designing a tax system that addresses the issue long term? Fix the loopholes (like buy, borrow, die), set corporate and personal rates at sustainable levels, implement minimum tax rates for everyone, including the wealthiest,apply the social security tax to all income. There are a myriad of changes that could be made to make the system fairer and ensure the wealthiest pay reasonable rates and doing so would be far better for the country than a “one off” wealth tax.
This guy sucks and a bunch of quirky tweets aren’t enough to cover that
It’s a stupid tax that doesn’t really address the issue of wealth disparity and tax avoidance that billionaires engage in.
Get rid of step up in basis so their heirs can’t inherit their wealth without paying capital gains. Tax the loans that the rich are taking out against their stock portfolios in order avoid paying capital gains. Align capital gains tax rates more closely like ordinary income.
The tax is a political gesture not a structural fix. It targets a snapshot of wealth without tackling the mechanisms billionaires use to legally avoid paying taxes year-to-year.
I don’t support a wealth tax, either, and in the askaliberal sub I’m frequently accused of being a tankie.
I’d rather tax the loans against their portfolios that they take out, with a progressive tax scale (the bigger loans get bumped to bigger brackets). And I’d like the law made generic enough that it can cover any new instrument wealth management banks create: basically any time a wealthy person makes use of their assets, it should be a taxable event.
That said, of course Newsom wants a “big tent party.” The democratic party is already a big tent party. So big that there isn’t a coherent ideology the party can offer as an identity. That’s why the fascist propaganda machine, with it’s juvenile memes and braindead messaging, has been so successful at branding them. Democrats need to realize that it’s okay if a bunch of neocons don’t like the party anymore, and look towards a more modernized FDR style left-populism. Newsom isn’t going to do that. He hasn’t got any political ideology, either, other than “Newsom needs more power/higher office.” No, thanks.
I’m glad people are finally waking up to how slimy this man is. Gavin “I agree with Charlie Kirk” Newsom belongs far away from the Oval Office. Becoming Republicans isn’t the way to beat them!
Pass. He wants a big tent which means nothing gets done
If he is against a wealth tax that means any other economic policy that can start to reverse the slide the non investors class Americans are on won’t be on the table. And would mean reliably there’s a good chance he’d only last one tee before people just vote a republican in again. So another candidate that’s more left than him needs to throw the hat into the ring
We really need to move on from Newsom, he’s not the solution. Leftist candidates are wildly outperforming expectations. We do not HAVE to run corporate funded liberals.
And Hillary just went on a rant about how kids are brainwashed against Israel by TikTok and social media showing us actual images of war and destruction. The old guard are completely out of touch with the new generation of democrats. They need to gtfo of the way
His potential campaign donors are the wealthy. Take the money out of politics and then maybe the average citizen will get representation. Under the current system, those with money own those with power. (“the rich get rich and the poor get poorer’)
he means a big tent with air conditioning and expensive catering filled with billionaires
He’s a corpo shill just like the rest. If we’re talking about changing the status quo he’s the last person I want in office.
Big tent party is why Democrats continue to lose. There are a lot of people that don’t want to share a tent with someone like Liz Cheney.
I was all in. Now I’m all out.
I’ll still vote for him if he’s facing off vs some GOP turd, but I’ll save all my “support” for local progressive candidates.
Oh look, another politician that will be lying to the average American to get their vote
He’s exposing the problem: corporations control the political parties.
And like that democrats remind their constituents that they don’t work for them either.
It’s legitimately like watching the Harlem Globetrotters and thinking maybe the other team will actually win this time.
Just another donor-oriented politician who happens to be a Democrat. It is vital to get pac money out of politics. It is poisoning our country.
Can we please look at the facts? Somone proposed an *INSANE* random-one-time tax of 5% of all current billionaires net worth (which would never pass) and since Gavin refused to acknowledged it he’s now seen as pro billionaire? Cmon.
Newsom just lost me. We need someone better than this. He is just another corpo dem. Hard pass
Two big issues will drive the next election – corruption and affordability. Newsome is good at the media game, but if he refuses to go after the root cause he is useless.
Corruption is so bad fascism is here. Armed goons in masks are kidnapping and disappearing the poors for paperwork violations while Supreme Court justices are giving the ultra wealthy passes on felonies. A billionaire-run DOGE trashed the government and stole our data without any effective push-back by our elected representatives. The government is broken.
Affordability is a side effect of this. Trump is jerking the economy around with tariffs to get rich on bribery and insider trading. It’s where the corruption actually hits home. Health insurance premiums doubling and tripling? Housing stock snapped up by speculators? Coffee doubling in price overnight? People notice this stuff.
The root cause for both is runaway wealth inequality. That wealth inequality is here because Republicans have been cutting taxes on the ultra rich since Reagan and his voodoo economics. We now have a class of billionaires, and will soon have a trillionaire. Tax them.