2026 Billionaires Tax Act – California Globe

Governor Gavin Newsom’s Record on Raising Taxes on the Rich Speaks for Itself

January 24, 2026 9:37 amJanuary 28, 2026 7:04 am

Well, Brandon Richards (He/Him), Governor Gavin Newsom’s Deputy Director of Rapid Response, climbs out from under his rock claiming that Gavin Newsom has opposed taxes on the rich for years. As the Globe reported Friday, California billionaires are leaving the...

The Left’s & SEIU’s Justification of California’s Billionaire Tax is Tiresome

January 23, 2026 10:33 amJanuary 23, 2026 12:16 pm

California billionaires are leaving the state in record numbers, and taking their billions with them. According to one billionaire, more than $1 Trillion has already left. California Governor Gavin Newsom, Democrats and the SEIU are pushing a retroactive billionaire tax...

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

November 24, 2025 2:45 amNovember 25, 2025 1:42 pm

California Governor Gavin Newsom is pushing a retroactive billionaire tax targeting the roughly 220 billionaires residing in California in 2025, ignoring that these individuals are the most financially mobile and can live anywhere. Expecting them to remain in the state...

The Innovative Wealth Tax That Could Break California

November 19, 2025 1:54 pmNovember 19, 2025 1:55 pm

California is not only the home of innovative technology; sadly, it is also the home of innovative tax ideas. The latest breakthrough is a one-time billionaire wealth tax levied on a retroactive basis. But while the union, the former Clinton...