Prop 40, California’s proposed billionaire tax, would impose a one-time 5% tax on the net worth of roughly 200 billionaires living in the Golden State.

Mega-rich techies have pumped millions of dollars into a campaign to kill the tax. Google co-founder Sergey Brin has spent more than $100 million fighting the rule, which would cost him more than $13 billion personally.

Meta founder Mark Zuckerberg reportedly bought a $170 million mansion near Miami this year while venture capitalist Peter Thiel, ex-Uber CEO Travis Kalanick and Google co-founder Larry Page have fled the state.

Even California’s Democratic Gov. Gavin Newsom has opposed the tax, warning it could hurt the state’s economy. Still, he’s backed a “national billionaires’ tax,” saying today’s office worker shouldn’t have to “shoulder a higher tax rate than the heiress.”

Californians are set to vote on the billionaire tax in November. If enacted, 90% of funding it raises would go toward healthcare services in the Golden State, while the remaining 10% would be spent on food assistance and education.

The ballot comes ahead of President Trump’s expected budget cuts next year. The state’s Medicaid program alone is predicted to lose up to $30 billion in federal funding.

Armstrong on Tuesday praised Trump for his friendly approach toward the cryptocurrency industry – while bashing former President Joe Biden and Sen. Elizabeth Warren (D-Mass.).

The Coinbase boss said Trump recognized in 2024 that there was a “massive voter base” of pro-crypto Americans.

“By the way, it wasn’t just like a good political opportunity,” Armstrong added. “He recognized that for the United States to stay relevant as a financial and technology hub, we have to embrace this … because if not, it’s all going to go offshore.”

someone dial 988 for esl shill

>>1532207
deeply antisemitic tax. how dare they do this.

>>1532211
Why does he think his forced racism meme will take off still? It only makes him easier to ID.

Also billionaires are unamerica and need to be taxed heavily. Especially stuff that has no actual value like crypto.

>>1532228
Sir, we've been over this, right?
>Tax the rich
>Consumers pay the rich people's taxes
>You pay your landlord's taxes
>Prices go up
>Cost of living goes up
>Shocked-Liggeral.jpg
I do understand that punitive taxes are the only solution Democrat overlords allow you to think. However, I'll remind you gay faggots, yet again, that the government has vast regulatory powers. And wealth extraction to the detriment of consumers and renters id perhaps the most retarded shit ever.
Thanks for (not) listening, faggots.

>>1532228
He does it for (you)s, seriously. For one thing he's deeply mentally ill. For another thing he unironically thinks every poster who isn't a migger simp must automatically be a third-world socialist tranny. Any reaction at all to his spergouts he will treat it as a stunning victory against the brown menace, hoping to rile up one of the imaginary trannies.

>>1532228
Would it help if I spelled it ligeral? Do you automatically think that any word following the common "igger" pattern is racists, you fucking Tigger?

>>1532207
>nypost

>>1532232
We've been over your head-canon, yes. Id's as retarded now as it was then.

>>1532258
So, let me get this straight;
Billionaires are evil money grubbers
They will just eat the cost of higher taxes
Interesting fag-canon.

>>1532262
We have taxed the rich so many times throughout our history. Yes, they will.

>>1532263
lol
>we
Ahaha

>>1532207
Oh my god, a crypto exchange? Whatever shall we do without them?

>>1532266
Won't be the only business leaving.
Then again, maybe that's a good thing in the long term.
Of course, you're run by helpless goons who don't know how to do anything but extract wealth though, so all benefits of removing billionaires may go down the drain due to retarded faggot hubris of electing liggerals.

>Trump's billionaire buddies the migger glazes losing billions to the IRS
>craptocurrency not only being subject to regulation but absolute state control: the migger has some of that fictional funny money and is scared of what'll happen to it
>suggests that anything bad happening to craptocurrency affects absolutely everyone. billionaires losing out
>b-b-but if something bad happens to craptocurrency, it'll somehow affect those who don't care about it!
>p-p-please don't do anything bad to my precious funny money!
Don't threaten me with a good time.

>>1532268
>Won't be the only business leaving.
You retards say this every single time any tax passes and it never fucking happens. Literally earlier this year it was the exact same thread for when Mamdani got elected in New York and sure enough, every single claim of a mass wealth exodus promptly failed to manifest.

>>1532275
Ahahahaa
https://buildremote.co/management/companies-leaving-california-for-texas/
Leave it to a liggeral to be ill informed.
Let the coping begin.

>>1532275
Unsurprisingly, companies like operating in states that don't suck ass. If dodging taxes was their sole priority, they'd all be set up in some shithole.
But this isn't a third world country, not yet anyway. The people who make these decisions actually like living in a place where people have money and the local services cater to people with money.

Why would any user on this site openly defend the establishment? It's fucking wild 4chan users are on the site of the rich just because it's a "conservative" thing to do.

>>1532280
side*

>>1532280
Define being on "the side of the rich".
Then reconcile your, notably retarded, beliefs that Democrats aren't on the side of the rich with things like ACA?
>Conservative
Also, considering you're a euroshit, reconcile with how right wing totalitarian your "left wing" is in the eurofascist hellhole.

>>1532282
I'm white and american. Republicans are working with the tech billionaires and the military. They are control freak faggots and you kiss their asses, dipshit.

>>1532284
democrats aren't? facebook google literally bent to every democrat demands to censor the internet of opposing views but that's fine you disgusting hypocritical human filth.
you're such a self-projecting loser the world's better off if you and your parents died for raising such a piece of shit.

1532288
god you're esl
>hypocritical
>projecting
god you're such a hypocrite
if cryptocurrency was government regulated out of existence, it wouldn't affect most people in the slightest.
if the likes of the esl shill were censored from the internet in perpetuity - and the shill that is a violent conservative ("the world's better off if you and your parents died". QED) would censor from existence anyone not exactly like it if it ever had any political power - everyone else would praise the ones who permanently censored the esl shill.

>>1532284
>Says the control freak faggot, not realizing he/it is just as bad if not worse.

>>1532291
>If crypto currency was regulated out of existence it wouldn't effect most people in the slightest.
Drug dealers, terrorists and Russians all use crypto to move and launder money and get around sanctions. It would dramatically effect most people's lives, in that it would make them much safer by taking power away from terrible people.
Crypto people also do not contribute anything of value, literally the only thing crypto is for, aside from hiding illegal activity, is rug pulling and stealing money from other people. It's just a currency for psychopaths. Fuck them all to death, these people are not even in the same category as people who had to produce something to gain/maintain their wealth.
>>1532282
>Dems aren't on the side of the rich.
*looks at big beautiful bill. Slaps billionaire dick out of your mouth.*
The problem with your retarded point of view is you're looking at democrats as a collective. While there are corrupt dems, there are also social dems sweeping the nation, striking down establishment shill dems as the work to implement programs literally every other first world nation in the world already have you inbred backwater dipshit. By contrast all repugs are corrupt and you fucking dipshits chase the ones that aren't out of power.
>>1532288
>Censoring false information that killed millions is fascism! The president threatening journalists and broadcast licenses of stations publishing unflattering stories somehow isn't! I'm a stupid faggot!
You already don't have unrestricted free speech, you can't yell fire in a crowded theater for the same reasons you can't tell people to inject bleach and ignore cdc guidelines in a pandemic that broke our already strained Healthcare system, where people were dying easily preventable deaths because there wasn't enough manpower.
You're the hypocrit here thirdie. An English speaker wouldn't go on a long awkward tirade about your parents being better off, we'd just say "Kill yourself faggot".

>>1532277
>California still has the biggest economy of any individual state
Oh noooooo.

Actually wait hold on, this list is retarded. It lists the fucking Joe Rogan podcast as a "company" leaving California. Because he moved lmao. Hell in the vast majority of these, it's not any bullshit about taxes but rather because California is literally so prosperous there's no room left anymore for new companies.

>>1532308
>You already don't have unrestricted free speech, you can't yell fire in a crowded theater for the same reasons you can't tell people to inject bleach and ignore cdc guidelines in a pandemic that broke our already strained Healthcare system, where people were dying easily preventable deaths because there wasn't enough manpower.
What if there actually is a fire in the theater. Are you still not allowed to yell it?
Fauci in his personal emails talked about the risks of vaccination for pregnant women, and in public he downplayed these risks.
Do you think the public received honest information about the origin of the COVID 19 virus?

>>1532323
this post made me forget about the files

>>1532325
What post made you forget about the files for the entirety of Joe Bidens presidency?

>>1532329
try again without a strawman

>>1532330
Can you show me a clip of Joe Biden or his Attorney General Merrick Garland being grilled about the Epstein Files like Donald Trump or Pam Bondi? Or did you forget to ask Biden about the files along with everyone else.

esl shill is defending orange pedophiles again

Liggerals don't want to be asked questions about their pedo protector president who refused to release any Epstein files.

and his forced meme still won't catch on

>projecting pedo protecting liggy miggy piggy doesn't want to be asked questions about their orange president who refused to release the Epstein files - except for victims' names - completely unredacted
ftfy, 1532340
>b-b-but others I don't like are pedos because I say so!
Accusations are Admissions, 1532340 the pedo supporter.

>esl shill
everyone loves this meme, popular grass roots support across the board
>liggeral
forced meme, never going to catch on

>>1532348
Donald Trump signed the Epstein Files Transparency act and released 3.5 million Epstein files
https://www.justice.gov/opa/pr/department-justice-publishes-35-million-responsive-pages-compliance-epstein-files
Got any press releases from the Joe Biden administration announcing how many Epstein files they released?

>>1532352
>congress forced him to release the files
>he still hasn't released them all
ftfy

>>1532353
3.5 million to zero seems like a pretty big disparity.

i wonder why esl shill decided to dedicate his life to defending orange pedophiles

>>1532353
Why didn't congress force Biden to release the files?

>>1532354
Why are all the names of those inside, including Trump's own, censored even though the passed law specifically forbids censoring anything other than victims?

I condemn all pedos, regardless of their political position. No doubt you do too, >>1532356. All normal sane morally superior people do.
Why doesn't 1532340 1532359 condemn Trump?
>b-b-but others I don't like are pedos because I say so!
Because Accusations are Admissions. The projecting 1532340
1532359 is a mentally deranged morally inferior supporter of pedos.

>>1532362
If every accusation is an admission, what does your accusation of Donald Trump being a pedo, and your deflection of Biden being a pedo prove? What are you admitting to with these accusations?

1532363
If every accusation is an admission, what does your accusation of Joe Biden being a pedo, and your deflection of Trump being a pedo prove? What are you admitting to with these accusations?

>>1532363
>>1532365
It sounds like Biden and Trump are pedos, and neither democrats nor republicans can accept this

>>1532366
it sounds like nobody respects your opinion because you're literally a shill

It sounds like the morally superior condemn all pedos. No Exceptions.
>b-b-but Biden is a pedo and Trump isn't because I say so!
The Trump supporter shows itself to be morally inferior, thus is an inferior lifeform.

1532329
1532334
1532352
1532359
1532363
What do you guys think of this thread?
Is it about Joe Biden? Are certain people in this thread derailing... I mean talking about something else other than cryptocurrency right now?

I hope this coinbase faggot gets his face blown out his asshole by another Luigi

>>1532370
You must be new here.
Doesn't matter what the threads about, it will always turn in to "Orange Man Bad".
For what it's worth, I agree with Armstrong.
I too think that "it’s deeply un-American to seize people’s assets. It might be unconstitutional,”
But it's not allowed to criticise any Democrats ever on this board.
I would flee California if I lived there too.
Watch how I'm called a Trump supporter now.
Anything to deflect from the topic that criticises Democrat insanity and corruption.

>>1532405
Yup, this. Liggerals are insane. To this day they still support Joe Briben despite the proven fact that he gang raped children in Ukraine.

esl shill is talking to himself again

>>1532405
>waaaah why don't people blame Democrats for the GOP's mistakes like they do in my hugbox
lmao

>>1532370
What is the point of mass replying and not replying to anyone?
you seem to be cutting across both directions, you want to give a bunch of yous to get attention and a reply but also don't want to give any yous

>>1532411
Trump owns you.
He lives in your tiny retarded mind rent-free.
I nearly pity you.
Nearly, but not quite.

>>1532422
how did you end up in such a lamentable position esl shill

>>1532422
I need to reach out to the press office...I really think the administration is missing out on some financial opportunities. Trump could offer to visit some of his supporters homes, eat their food and bang their wives and daughters... Not sure what the right price point is, but I'd guess the average supporter would pay 5k for the honor.

1532405
1532407
get a room you two.
>Ukraine
and the projecting 1532407 proves they're a Putin pedo protector:
https://www.military.com/video/off-duty/odd/akward-moments-with-vladimir-putin/3129473236001
https://i.postimg.cc/DwTxmsCC/pedo-putin.jpg
Accusations are Admissions, liggy miggy piggy. You love a man who loves kids, 1532407 the
pedo supporter.
At least I condemn pedos on whatever political side. No Exceptions. Thus I'm morally superior. I say throw Bil Clinton under the bus.
Condemn Trump & Putin the pedos or admit to being morally inferior, thus you're a subhuman, 1532407.
>b-b-but anyone I don't like is a pedo because I say so!
Condemn Putin & Trump the pedos or be proven to be a pedo supporter, 1532407.
Come to your own conclusions everyone else in /news/ when the lolcow of news with its forced meme refuses to do so. No, liggy miggy piggy, you are the pedo protectors.
And then 1532407 was a subhuman zombie.

>>1532427
Sounds like you're getting nostalgic for the Obama administration
https://youtu.be/bgCRK25tiFU?

is it any surprise esl shill doesn't know how satire works

>>1532427
>Supporters
lol, he might do better if he targets the TDS crowd on that one. It would give them more to complain about.
>Trump broke into my house
>Trump ate me porridge
>Trump Fucked my wife AND daughter
The price? At this point, TDS'er would probably do it for free just to complain about dRumpf.
Thanks for the laugh, el homo de sexuel.

>>1532361
>>1532365
why are you complaining about someone doing something while support people who did nothing? its almost like you don't give AF and just want to complain about trump all the while you directly supported the democrat administration that actively hindered the investigation
you fucking rapist

>>1532450
god you're esl

>>1532449
Why would the trump dick sucking crowd care?

>you fucking rapist
But enough about the projecting 1532450 and the orange subhuman it supports.

>>1532457
Show clear criminal record free of rape charges. I'll wait.

1532450
>you fucking rapist
1532459
Show evidence.
>b-b-but those I don't like are what I accuse them of being, because I say so!
Everyone else in /news/ doesn't need to wait.
If others are what it accuses them of being, therefore that which is defends is already guilty.
If that which it defends isn't guilty, those it accuses are not only free of all criminal charges, they are proven to be morally superior to that which it defends, and its defender.

>>1532423
English is my only language. Unlike you, I don't need to speak any other language, esl shill.
My ancestors are all White Anglo Saxon Protestants.
I'll say it loud,
>I'm WASP and I'm proud.
TopKEK immigrant.
You project your own insecurity when you mindlessly type "esl, esl, esl".
You're too stupid to realise that, though.

>>1532465
Where's the guy that says "god you're esl" when we actually need him?

Waiting for people to explain how the US is supposed to deal with its current debt crisis without touching the military and/or taxing the rich to the bone

Billionaire want all the benifits of the state but don’t want to pay any taxes. Please get the leaches out. California will be fine without them. Pay up and make our state even better or get gone i am sick of the wellfare queen billionaire mooching off the government.

>>1532573
The funny thing is. Even if a responsible majority shows up Congress how would they even fix such a disaster?

>>1532573
Military is 10% of the budget.
Half the budget is social welfare programs with redistributive elements. Social security, Medicare, Medicaid, Food Stamps, disability.

>>1532577
How do you know what billionaires want?
What's your source?

>>1532573
You do know we spend all our money on social programs and healthcare right?
And when anyone tries to cut spending, liggerals firebomb public and private property.

>>1532587
>>1532597
I'm aware it's mostly in entitlements.
Those are also just impossible to address because everyone over 65 will revolt and so will their grandchildren.

>>1532598
They're not impossible to address, and must be addressed to do anything about the national debt.
Most of the healthcare spending is fraud waste or abuse, caused by unnatral inflation in the healthcare sector.

>>1532598
I feel like the United States is not the first country to deal with an aging retiring workforce, and other countries have taken steps to lower their pension burden the US could copy.
https://en.wikipedia.org/wiki/Division_and_privatization_of_Japanese_National_Railways
https://en.wikipedia.org/wiki/Privatisation_of_London_bus_services

>>1532587
>half the budget is redistributive social welfare programs.
What's the biggest piece of that pie?
>Social security.
Meaning?
>These aren't 'redistributive' policies, it's literally people receiving money from a system they paid into, I'm a fucking disingenuous moron for trying to paint this as socialism.
And?
>>1532598
>When I said it was entitlements, I was either ignorant or lying, I'm acting an awful lot like controlled opposition.
So are you guys capable of good faith arguments?
>Nope. I can't even argue with you, I have to pivot to arguing against someone who firebombed cars. I'm a giant pussy with a fragile ego, so when anyone inevitably starts beating my ass in an argument I have to argue against a strawman as insane as I am.
>everyone over 65 will revolt
>President promises to usher in a golden age of prosperity.
>Your kids don't need 20 dolls. I have no idea what kids are like, but I just told you your kids will have a worse life than you did, which is insane.
>65 year olds also need to tighten their belt. But there's no affordability crisis, that's a made up word.
>I'm a sheep, I should just kill myself.
You will never make fetch happen

>>1532604
Social Security is redistributive. Poor people get out more than they put in. Rich people get less money than they put in

1532559
>realise
>s
>not "z"
TopKEK exposing yourself and your own lies.
You're not a citizen of the United States of America.
You're too inferior to be one, though. Certainly too retarded to realize that you've ended up being the lolcow of /news/, esl shill.
>you mindlessly type "esl, esl, esl"
You're making 1532559 the esl shill mad, >>1532423. Keep doing so.

>>1532826
>muh spelling is le bestest, betterer than yous.That means i wins.
You is a gay ass nigga.

>>1532207
>corporations swallow the kike pill and turn their zones of influence into liggeral hiveminds
>the hivemind has now turned against its conspirators
You love to see it.

The inferior non-American migger faggot lolcow of /news/ 1532979 that loses to everyone by constantly humiliating itself loves BBC.
>now they know they're losing to their 'enemy', the right are eating each other >>1532849
You love to see it.