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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Dope1 ⎊  😊 😞
Number: of 86269 
Subject: dems going full Socialist: National wealth tax
Date: 06/26/26 2:29 PM
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Yeah, this will work.

The democrats' leading candidate for President in 2028 - Gavin Newsom - wants to take a wealth tax national:

cnn.com - Gavin newsom billionaire tax california

Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead

California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign.

“The system America’s founders built was designed to prevent the concentration of power in a few hands, but we have allowed that concentration to happen anyway, slowly, in plain sight, over decades,” Newsom writes. “We can reverse it together, as a country.”

It is extremely early in the presidential campaign cycle for a policy proposal — but comes as Democrats continue to embrace economic populism and moves against the wealthy. It also comes as California voters in November will decide on a billionaires’ tax after the governor and opponents of the tax late Thursday failed to reach a deal to keep it off the ballot.

We've covered ad nauseum how bad and how unworkable an idea this is but since the democrats are now feeling pressure from the DSA on their left flanks...here comes the really stoopid ideas.

Grab your popcorn!
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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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