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Newsom Scrubs '$100 Million' Slippery Slope From National 'Billionaire Tax' Pitch - And He's Coming After Inheritance Too

Zero Rss
1 month 2 weeks ago
Newsom Scrubs '$100 Million' Slippery Slope From National 'Billionaire Tax' Pitch - And He's Coming After Inheritance Too

California Governor Gavin Newsom (D) on Friday called for a national tax on billionaires. Except, in the original version, it was anyone with a net worth of at least $100 million - as quoted by multiple outlets, citing a post from Newsom's Substack account. 

As originally reported by Politico:

His plan to address the country’s yawning wealth gap includes “a true minimum tax on billionaires and those with a net worth of $100 million” and creating a national public equity fund to give all Americans a stake in the economic gains created by artificial intelligence companies. 

The post now reads:

"So here is what I support: A national billionaires’ tax. A true minimum tax on billionaires — a modern Buffett Rule — that ensures the people at the very top pay at least the tax rate their own workers pay."

Bitch please. 

Newsom also wants to tax inheritance - writing "We also need to rewrite our inheritance rules. Over the next twenty years, this country will live through the largest intergenerational wealth transfer in human history, with roughly $124 trillion changing hands. If we do not act, that transfer of wealth among the ultra-wealthy will lock in a permanent American aristocracy of inherited wealth, with all the political consequences the founders warned us about."

Notice he cites the massive wealth transfer, but not the level of inheritance he's targeting - as most slippery slopes begin.

Newsom's proposals come after he failed to stop California's legislation from with placing a state-level wealth tax on the November ballot. 

Newsom’s proposal follows a failed attempt by the governor, billionaires and progressive groups of persuading the union behind the California tax, SEIU-UHW, to withdraw the measure before Thursday evening’s deadline. Newsom had even privately expressed assurances about an agreement, telling a wealthy donor he expected to negotiate the measure off the ballot, Bloomberg News previously reported. -Bloomberg

"For Newsom, it’s the worst of all worlds, because it puts him squarely in the middle of a national Democratic debate about equity, taxation and affordability," said Steven Maviglio, a veteran Democratic strategist in the state. "His announcement might deflect from that a bit."

Newsom also suggests creating a public equity (slush) fund that would 'take a stake in the artificial intelligence economy.'

Anti-Billionaire-Tax-Billionaires

Shockingly, California's billionaires aren't exactly excited about all this tax malarkey. In fact, while the anti-tax coalition has been most prominently linked to billionaire Sergey Brin (who's funding other ballot measures that could nullify a wealth tax), Planned Parenthood of California and several labor unions are weirdly also against taxing billionaires - arguing that the proceeds from the tax would benefit select groups, while potentially damaging the entire state's budget because wealthy residents will flee. 

Even they know it's just a slush fund. 

"We are ready to defeat this convoluted nightmare of a measure in November," a spokesperson for Golden State Promise, a group backed by billionaire Chris Larsen, told Bloomberg, while a different coalition linked to doctors and school boards called California's proposal a threat to "vital funding for education and schools, healthcare and clinics, public safety, and infrastructure projects."

Either way, Democrats continue to actively scheme for ways to extract more money from capitalists. 

Tyler Durden Sat, 06/27/2026 - 21:35
Tyler Durden

Sami Zayn gets poetic championship moment at Night of Champions that helps WWE check key SummerSlam box

NY Post
1 month 2 weeks ago
Even as a bit of an annoying heel, Zayn is still the ultimate underdog.
Joseph Staszewski

Rangers beef up on blue line to help key area of need on NHL draft Day 2

NY Post
1 month 2 weeks ago
The left side of the Rangers defensive depth chart was heavily reinforced during the second day of the NHL draft Saturday. 
Mollie Walker

Universal Hollywood’s newest attraction features unique tribute to franchise’s dead star

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1 month 2 weeks ago
The newest roaring attraction at Universal Hollywood is set to feature heavy references to dead Fast and the Furious star Paul Walker.
Ross O'Keefe

Ben Rice’s ugly stretch hits low point in loss to Red Sox: ‘He’s grinding a little bit’

NY Post
1 month 2 weeks ago
Ben Rice has spent most of the season looking like an MVP candidate — until recently.
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Michael Goodwin: Kathy Hochul will never satisfy Mamdani’s far-left crew — and yet she keeps appeasing them

NY Post
1 month 2 weeks ago
The political threats aimed at Gov. Hochul by mad-dog leftists are almost enough to make you feel sorry for her. Almost.
Michael Goodwin

DOJ Asks Supreme Court To Approve No-Bond Immigration Detention Policy

Zero Rss
1 month 2 weeks ago
DOJ Asks Supreme Court To Approve No-Bond Immigration Detention Policy

Authored by Matthew Vadum via The Epoch Times,

The Trump administration has asked the U.S. Supreme Court to approve its policy of detaining illegal immigrants who have been in the country for years without releasing them on bond.

D. John Sauer, then the U.S. solicitor general nominee, testifies during his confirmation hearing in Washington on Feb. 26, 2025. Chip Somodevilla/Getty Images

The petition in Raycraft v. Lopez-Campos was docketed on June 24, but at time of publication did not appear on the court's website because of a sensitive-filings rule. The court's public information office provided The Epoch Times with a copy of the filed petition on June 26.

Adopted last year, the policy represents a change from how previous administrations interpreted a specific provision of the federal Immigration and Nationality Act (INA). It also led to a flood of lawsuits from immigrants challenging detention.

Legal experts previously told The Epoch Times they expected that the justices would at some point intervene after several appeals courts issued conflicting interpretations of the law's detention provisions.

Three federal courts of appeals have rejected the policy, while two have upheld it. The result has been uneven enforcement across the country, raising questions about how millions of illegal immigrants would be detained.

The Illegal Immigration Reform and Immigrant Responsibility Act, which amended the INA, required detention without bond for illegal immigrants seeking entry into the country.

The provision at issue, Section 1225 of the INA, says individuals seeking admission "shall be detained" if an immigration officer determines they are "not clearly and beyond a doubt entitled to be admitted."

In President Donald Trump's second administration, the government said this detention mandate applied to individuals who had already entered the United States. Multiple illegal immigrants have argued that portion of the INA didn't apply to them because they were already in the country and therefore no longer seeking admission or undergoing a formal admissions process.

Instead, they said another provision of the INA - Section 1226 - applied and allowed them to receive bond hearings.

Trump's interpretation introduced a dramatic change in federal policy, David Super, a professor at Georgetown University Law Center, previously told The Epoch Times.

The position that illegal immigrants apprehended in the interior of the United States may be held without bond "has not been the policy of any prior administration, including the first Trump administration," Super said.

The policy is part of the administration's broader immigration strategy, which includes ending so-called catch-and-release efforts, or releasing migrants as they await hearings after being apprehended at the border.

In the new petition, U.S. Solicitor General D. John Sauer states that the case is about "eleven aliens who entered the United States illegally and are now present in the country without having been admitted."

The respondents, who were apprehended between June and September 2025, were put into removal proceedings and charged with being inadmissible and being present in the United States without being admitted or paroled. To be paroled is to be allowed into the country subject to a later decision on immigration status.

Several of the respondents were also charged with not possessing valid immigration documents.

Sauer said the U.S. Department of Homeland Security ruled that the respondents should be detained under Section 1225 for the duration of their removal proceedings. Several respondents asked for bond hearings before an immigration judge. The immigration judges eventually found that Section 1225 deprived them of authority to grant bond.

The respondents filed habeas petitions with federal district courts in Michigan seeking release. All the release requests were granted. In three of the four cases, the district court also found that detaining respondents without conducting a bond hearing violated their due process rights.

Sauer said the government released the respondents without holding a bond hearing and appealed to a panel of the Cincinnati, Ohio-based U.S. Court of Appeals for the Sixth Circuit. In a divided opinion, the appeals court affirmed.

The panel found Section 1225 does not apply to noncitizens already present in the country because they are not "seeking admission." The panel also determined that the detention of the respondents without bond hearings violated their due process rights.

Sauer urged the Supreme Court to accept the government's appeal.

The legal question is "whether aliens present in the United States after an illegal entry must be detained while their removal proceedings unfold.

"The correct answer is yes: 8 U.S.C. 1225(b)(2)(A) mandates detention for such aliens pending their removal proceedings, and there is no due-process problem with that result," he said.

The Sixth Circuit's holdings are "incorrect," he said, and given the 3-2 split among appeals courts, there is now "an unworkable patchwork of inconsistent immigration enforcement, where aliens present without admission are subject to mandatory detention in some circuits but are entitled to bond hearings and often released in others."

"Immigration enforcement should not depend on geographical happenstance," he said.

It is unclear when the Supreme Court will take up the petition.

Tyler Durden Sat, 06/27/2026 - 21:00
Tyler Durden

Semyon Varlamov determined to make Islanders return this season: ‘We plan on him’

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Holly Madison reveals the plastic surgery she’s ‘happy’ she had done after pregnancy

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Holly Madison reveals the plastic surgery she’s ‘happy’ she had done after pregnancy

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‘Obsessed’ gamer posing as Amazon driver learns fate for attempted murder of California couple

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Mets snap losing streak behind big sixth inning as Andy Green picks up first win as interim manager

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Military Depoliticization, Hegseth, And DEI

Zero Rss
1 month 2 weeks ago
Military Depoliticization, Hegseth, And DEI

Authored by 'Cynical Publius' via American Greatness,

As I read and hear the usual cavalcade of woke, retired Democrat generals and admirals like McRaven, McCaffrey, Franken, and others falsely claiming that Pete Hegseth is “politicizing” the senior ranks of the U.S. military, inside my head, I am screaming in rage at the impunity with which they spread this pernicious and wholly inaccurate falsehood.

Hegseth is doing EXACTLY THE OPPOSITE as he depoliticizes our military’s ranks by eradicating the very most political doctrine to ever infect the U.S. military since the U.S. Civil War: so-called “Diversity, Equity, and Inclusion,” or “DEI.”

DEI is an expression of Marxism by way of the Frankfurt School. Instead of building Marxist systems based on economic class, the Frankfurt School’s teachings build systems based on grievance classes. Known also as “critical theory,” DEI espouses the concept that there is no such thing as objective truth, that all truth is instead subjective, and that such truth is subjectively decided by whoever is in power at the moment.

This philosophy is in stark contrast to the Constitution, which stands on the shoulders of natural law—the idea that profound truth is objective, ordained by God, and that all men are created equal, with certain unalienable rights.

DEI instead claims that there is an inherent imbalance in society driven by race, ethnicity, religion, sex, and sexual preference. Since “truth” is what you make of it via power, DEI uses force and power to strip individuals of autonomy and individuality in favor of their skin color or what is between their legs. DEI is a form of Marxism, and it is the ultimate expression of bigotry in modern society.

(By the way, given the manner in which DEI seeks to destroy the natural law principles underpinning the Constitution, it effectively sits in defiance of the sacred oath of U.S. service members to “support and defend the Constitution.”)

The U.S. military long had rudimentary forms of DEI in its promotion systems, with promotion board results constantly reworked to reflect the “correct” racial and gender balances. However, with the advent of DEI as a more formal, society-altering structure, under the Obama and Biden administrations, the wholly political DEI doctrine was massively forced on the military like a dog shoved into a car on its way to the veterinarian’s office for neutering.

White service members were told they are inherently evil based solely on their skin color. Combat arms professions were opened to women who, on average, were manifestly physically unqualified to perform required duties. Pressure mounted for 18-year-old females in the barracks to be forced to live with biological men play-acting as women. “Pride” celebrations were rampant. Racist DEI books became mandatory professional reading for officers and senior NCOs. The United States Air Force decided skin color was the basis for being an Air Force officer.

It went so far that the Chairman of the Joint Chiefs of Staff (“CJCS”), Mark Milley, said before Congress, “I want to understand white rage. And I’m white. And I want to understand it.” In doing so, he racially slandered every white troop under his command (yes, I know CJCS is not a command position, but you get my drift), and the political Left and the other woke generals rejoiced.

Where we once only saw red, white, and blue and the color of our uniforms, suddenly, the only color we were allowed to see was the color of human skin.

In the field and afloat, white male commanders learned to be very circumspect in disciplining wayward black, female, or gay troops, because it was just too easy to be labeled a “racist” or a “misogynist” or a “homophobe” in career-ending fashion.

Good order and discipline broke down.

Combat effectiveness declined as a result.

All thanks to politics—the politics of DEI.

And the retired admirals and generals you hear moaning today to Goebbelsesque propaganda rags like The Atlantic? Not only did they not object, they embraced it because that is how these wholly political officers were able to advance. Now that Pete Hegseth is purging our hallowed military halls of the diseased, racist, misandrist, bigoted, hate-mongering, Christophobic, intolerant, diversity-destroying, inequitable, exclusionary, expressly political doctrines of DEI, these political animals are OUTRAGED. They see their Brutalist, Marxist spiritual edifice in tatters, and they don’t much like it, so they lie and say it’s all “political.”

DEI is the worst thing that has happened to the U.S. military in any of our lifetimes. It was the ultimate expression of a political acid test shoved down the throats of everyone serving in a U.S. uniform. It was Marxism on a massive scale, specifically designed to polarize the ranks and make our military less combat effective.

DEI was and is an abomination.

And Pete Hegseth has unraveled this monster in a mere two years. We are rebuilding our military on top of the ruins of the failed DEI experiment.

In all of U.S. history, no one has done more to DEPOLITICIZE the U.S. military than Pete Hegseth.

So, when you see the legacy media and the usual generals and admirals who would not take Douglas MacArthur’s advice to just “fade away” screeching that Hegseth is “politicizing” the military, know that they are angry only because he is doing exactly the opposite. The star-laden critical theorists are losing, and they will not go down without a fight.

But losing they are, and so long as the 2026 and 2028 elections stay the course, they have already lost.

Do not buy the fabulistic “Hegseth is politicizing the military’s senior ranks” narrative. Exactly the opposite is true.

Tyler Durden Sat, 06/27/2026 - 20:25
Tyler Durden

Fight between warring Mexican gangs in NYC leaves 21-year-old dead

NY Post
1 month 2 weeks ago
Two men were stabbed – one fatally – during a knife fight involving Mexican gangs in a Brooklyn  park on Saturday afternoon, and sources said.  
Larry Celona, Tina Moore

Pelosi’s heir apparent Scott Wiener breaks silence on ‘vile’ attacks by San Francisco activists

NY Post
1 month 2 weeks ago
The potential heir to Nancy Pelosi's congressional seat broke his silence about two awkward confrontations with pro-Palestinian protesters unhappy about his record on Israel.
Ross O'Keefe

Police searching for two runaway NJ teens last seen at Connecticut train station: report

NY Post
1 month 2 weeks ago
Police are searching for two young teens who vanished from a New Jersey train station Friday and were last seen fleeing MTA officers in Connecticut, according to a report.
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California city faces staggering $35M lawsuit over 70-year-old’s streetside tumble

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A 70-year-old man is suing San Diego for a whopping $35 million after a sidewalk fall left him with a broken neck and back.
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News of the World: What you missed this week internationally

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A statue of an Italian saint appeared to be crying, a Frida Kahlo exhibition set a record for a London museum, and more news from around the world.
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Expect DEI to be a non-factor in the horse race for Jamie Dimon’s JPMorgan successor

NY Post
1 month 2 weeks ago
Despite Dimon’s embrace of constructs like DEI over the years, the place is at bottom a meritocracy.
Charles Gasparino

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