Bernie vs. Newsom, the battle for billionaires

Should Billionaires Have It All? - Dissident Voice

California politics is currently being shaken up thanks to a drive, led by the Service Employees International Union, to enact a one-time wealth tax on the state’s billionaires to offset federal cuts to healthcare and support public education and food assistance programs. Campaigning for the measure, U.S. Senator Bernie Sanders told an enthusiastic crowd that “never before have so few people had so much wealth and so much power.” In a democratic…

Bernie vs. Newsom, the battle for billionaires

A new rivalry has arisen between two of the Left’s largest players — and whenever the Left is feuding, it’s fun to watch. On Feb. 18, Sen. Bernie Sanders (I-VT) held a rally in Los Angeles to support a tax initiative called The Billionaire Tax Act, which targets over 200 billionaires who live in the state. Gov. Gavin Newsom (D-CA) has openly opposed the bill, claiming it would do more harm than good to the world’s fourth-largest economy. Newsom …

No, taxes on billionaires won't destroy innovation in California

Toward the end of the program with Bernie Sanders and Ro Khanna at Stanford last week, a student posed an interesting question from the audience. He wanted the two progressives to explain why so many of the world’s most important technology advances have come from the US, and not from Europe. The implication in the question was clear: The United States has lower tax rates and lets company founders get very, very rich, and Europe has higher taxes…