Gavin Newsom - will he run for President in 2024

[chaos]

I don't like Gavin Newsome but at least when he becomes President, we'll never have to worry about covid again.

We didn't have to worry about it before.

[Dos Equis]

Adam Carolla
@adamcarolla

We now return to Deep Leg Cross with the Obama’s

https://x.com/adamcarolla/status/2069987489532825864

Dr. Jebra Faushay
@JebraFaushay
Is it normal for men to cross their legs?


https://x.com/JebraFaushay/status/2070289713001349318

[GymnJuice]

https://www.msn.com/en-us/money/other/newsom-pitches-federal-wealth-tax-after-losing-california-battle/ar-AA26zp68?ocid=msedgntp&pc=U531&cvid=7d02894dfd55409fbba107edb5486a69&ei=11

Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot, setting up a high-profile test of whether voters will back one of the nation’s most aggressive efforts to tax the rich.

Newsom, who is considering a presidential run in 2028, said on Friday that he stands against the California measure, arguing that taxing billionaires should be done nationally rather than state by state. On a lengthy Substack post, he instead called for a federal tax on billionaires and those worth more than $100 million, changes to inheritance rules and closing tax loopholes on wealthy people borrowing against their assets.

Newsom didn’t propose a rate for a federal wealth tax or outline how it would work, including what exactly would be taxed. He also proposed creating a public equity fund that would take a stake in the artificial intelligence economy, though again he offered few details.

“It is time for a national billionaires’ tax,” Newsom said. “The fight belongs at the federal level, where this broken system was created in the first place.”

Federal wealth tax proposals have been championed by progressives including Elizabeth Warren and Bernie Sanders, but none advanced in Congress. The idea has long been viewed as both legally and practically challenging, not only because it’s difficult to accurately value private fortunes but also taxing wealth could could trigger constitutional challenges.

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.

“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.”

Dave Regan, SEIU-UHW’s president, said during a press conference late Thursday that the union held “a couple of cursory conversations with the governor, but they made it clear they were not going to entertain anything that affected billionaires and we just think that’s wrong.”

The decision sets up a costly showdown at the November general election, with some of the world’s richest people willing to spend millions of dollars to stop the tax.

The anti-tax coalition stretches well beyond Silicon Valley’s billionaire class, encompassing Planned Parenthood Affiliates of California and several labor unions who argue the proceeds from the tax would benefit only certain groups, while possibly damaging the entire state’s budget by driving away wealthy residents.

A group linked to billionaire Sergey Brin is bankrolling other ballot measures that could nullify the wealth tax if one of them receives more votes. The anti-wealth tax measures will also be put before voters in November.

“We are ready to defeat this convoluted nightmare of a measure in November,” said a spokesperson for Golden State Promise, a group backed by billionaire Chris Larsen. A separate coalition linked to doctors and school boards called the tax a threat to “vital funding for education and schools, healthcare and clinics, public safety, and infrastructure projects.”

The amount set to be spent on the California wealth tax battle “will probably shatter all the records,” Maviglio said, calling it “the World War Three of politics, with the potential for a lot of collateral damage.”

The levy will also gauge the broader voter appetite for taxing extreme wealth.

A May poll from Public Policy Institute for California found the tax is supported by 54% of likely voters. More recently, San Francisco voters rejected a proposal to increase taxes on large businesses with highly-paid CEOs.

Vermont Senator Sanders and Silicon Valley Representative Ro Khanna support the measure, with Khanna saying Elon Musk’s status as the world’s first trillionaire underscores the need to tax the rich. Both have also proposed a federal tax.

“If you’re opposed to this tax, you’re on the side of trickle-down economics,” Khanna said, calling concerns about capital flight from the state “hogwash.” “You’re protecting the very, very rich as opposed to standing up for the working class.”

The tax was first floated in October as a way to backfill federal cuts to healthcare funding. The idea was to levy a one-time 5% tax on a billionaire’s net worth, from their art collection to company stock, raising as much as $100 billion.

The proposal rattled California politics and led some of the state’s wealthiest residents to say they were departing. Google co-founder Brin, the world’s third richest person, has so far spent more than $80 million to fund a group that’s supporting the anti-wealth tax ballot measures — after moving to Nevada.

Last week, the group proposing the measure tried pushing for a compromise by lowering the tax rate on billionaires from 5% to 2%. Newsom immediately rejected the offer.

“Ironically Governor Newsom is in lockstep with Donald Trump and billionaire like Peter Thiel and Sergey Brin on this issue,” Carthan said. “Governor Newsom has had seven months to put forward a solution to prevent hospitals from closing and save patient lives. But he hasn’t, because Governor Newsom has no plan.”

Dan Schnur, who teaches political communications at the University of California at Berkeley, called Newsom’s pivot to a federal wealth tax “very smart politics.”

“But it’s unlikely to become law unless or until he or another Democrat becomes president,” Schnur said. “The primary function of the proposal right now is to protect him politically, both with voters in California and in early primary states.” 

Alarming for the getbigger billionaires.

I don't like these proposals. Most taxes begin with promises that they'll only target "the super rich," but they rarely stay that way. Over time they will quietly expand to cover more and more people. A wealth tax will follow the same pattern, gradually ensnaring a larger share of the public as the years go by.

Beyond the scope creep, the tax will encourage people to shift their wealth into less traceable and harder to value assets. It's relatively easy to calculate the value of publicly traded stocks. But assessing land and real estate will require surveys. Private assets like fine art, jewelry, or gold bars stored in safes are even more difficult to track and value.

In the end, this will distort behavior. People will move away from productive investments, change how they hold their assets, or even relocate abroad.

[chaos]

https://www.msn.com/en-us/money/other/newsom-pitches-federal-wealth-tax-after-losing-california-battle/ar-AA26zp68?ocid=msedgntp&pc=U531&cvid=7d02894dfd55409fbba107edb5486a69&ei=11

Alarming for the getbigger billionaires.

I don't like these proposals. Most taxes begin with promises that they'll only target "the super rich," but they rarely stay that way. Over time they will quietly expand to cover more and more people. A wealth tax will follow the same pattern, gradually ensnaring a larger share of the public as the years go by.

Beyond the scope creep, the tax will encourage people to shift their wealth into less traceable and harder to value assets. It's relatively easy to calculate the value of publicly traded stocks. But assessing land and real estate will require surveys. Private assets like fine art, jewelry, or gold bars stored in safes are even more difficult to track and value.

In the end, this will distort behavior. People will move away from productive investments, change how they hold their assets, or even relocate abroad.

Horrible idea. Rather than dial in their spending, they want to keep fucking people over, rich/poor/whatever is left of the middle class.....everyone getting screwed by taxes. We need a political enema.

[Dos Equis]

Flashy headline, but what did they actually learn?

FBI infiltrated Gavin Newsom’s inner circle by convincing governor’s ally to wear a wire: lawyer
By Josh Koehn
Published July 2, 2026
https://nypost.com/2026/07/02/us-news/gavin-newsom-ally-alexis-podesta-wore-fbi-wire-in-corruption-probe-lawyer/

[chaos]

Flashy headline, but what did they actually learn?

FBI infiltrated Gavin Newsom’s inner circle by convincing governor’s ally to wear a wire: lawyer
By Josh Koehn
Published July 2, 2026
https://nypost.com/2026/07/02/us-news/gavin-newsom-ally-alexis-podesta-wore-fbi-wire-in-corruption-probe-lawyer/

Nothing will happen. These fags are never held accountable, two tier justice system.

[Dos Equis]

Nothing will happen. These fags are never held accountable, two tier justice system.

Sad truth.  I've probably said 100 times on the board that the laws primarily apply to us little people.

[Humble Narcissist]

Flashy headline, but what did they actually learn?

FBI infiltrated Gavin Newsom’s inner circle by convincing governor’s ally to wear a wire: lawyer
By Josh Koehn
Published July 2, 2026
https://nypost.com/2026/07/02/us-news/gavin-newsom-ally-alexis-podesta-wore-fbi-wire-in-corruption-probe-lawyer/

They must really want to make sure he doesn't run for prez.

[chaos]

They must really want to make sure he doesn't run for prez.

I've been watching this. Not sure if they're trying to stop him or expose his drama early enough that the public can be manipulated to forget and forgive before it's time to start his campaign.

[Primemuscle]

Sad truth.  I've probably said 100 times on the board that the laws primarily apply to us little people.

Funny, having known more than a couple of politicians, I do not see them as any different than anyone else, including "the little people" like yourself. What is true is that having money can usually buy a person a better legal team to defend them when they get in trouble with the law.

[chaos]

Funny, having known more than a couple of politicians, I do see them as any different than anyone else, including "the little people" like yourself. What is true is that having money can usually buy a person a better legal team to defend them when they get in trouble with the law.

Bootlicker

[Primemuscle]

Bootlicker

Chaos - king of snarky.

[Dos Equis]

Funny, having known more than a couple of politicians, I do see them as any different than anyone else, including "the little people" like yourself. What is true is that having money can usually buy a person a better legal team to defend them when they get in trouble with the law.

I'm not saying they are better.  I'm saying they do not get held accountable for wrongdoing like the average Joe.  And yes, having money matters in most aspects of life (medicine, the law, education, etc.). 

[Primemuscle]

I'm not saying they are better.  I'm saying they do not get held accountable for wrongdoing like the average Joe.  And yes, having money matters in most aspects of life (medicine, the law, education, etc.).

The responsibility of holding politicians accountable is on their constituents. If a politician does something wrong, the way they are most easily held accountable is by voters not reelecting them. They can also be censured and/or expelled. Money talks. Folks with money can afford better attorneys. 

[Dos Equis]

The responsibility of holding politicians accountable is on their constituents. If a politician does something wrong, the way they are most easily held accountable is by voters not reelecting them. They can also be censured and/or expelled. Money talks. Folks with money can afford better attorneys.

Constituents don't hold politicians accountable.  They elect and re-elect people, regardless of bad acts, if that person aligns with their political views.  Nothing epitomizes this better than the election of Virginia Attorney General Jay Jones. 

The responsibility of holding people who break the law accountable is on law enforcement and prosecutors.  It doesn't happen like it should.  That's how someone like Hunter Biden was able to get away with so much.  He had the right name, the right political party, and enough money to avoid the most serious charges against him.  Happens all the time unfortunately. 

[Primemuscle]

Constituents don't hold politicians accountable.  They elect and re-elect people, regardless of bad acts, if that person aligns with their political views.  Nothing epitomizes this better than the election of Virginia Attorney General Jay Jones. 

The responsibility of holding people who break the law accountable is on law enforcement and prosecutors.  It doesn't happen like it should.  That's how someone like Hunter Biden was able to get away with so much.  He had the right name, the right political party, and enough money to avoid the most serious charges against him.  Happens all the time unfortunately.

Correct, many constituents are lazy when it comes to determining who to vote for, and the go with the candidate most familiar to them, which usually the incumbent. But this is not the fault of the candidate.

The Trump family's wealth will unfortunately most likely keep them from being held accountable for their misdeeds. Money buys good lawyers. Also, folks with money often win lawsuits because they can outspend the high cost of legal expenses than people with less money.

[Grape Ape]

The Trump family's wealth will unfortunately most likely keep them from being held accountable for their misdeeds. Money buys good lawyers. Also, folks with money often win lawsuits because they can outspend the high cost of legal expenses than people with less money.

I honestly haven't kept up.

What have they done that's illegal?

[chaos]

I honestly haven't kept up.

What have they done that's illegal?

Apparently nothing until he announced he was running for President.

[Primemuscle]

Apparently nothing until he announced he was running for President.

From 1973 and until he was elected president in 2016, Donald Trump and his businesses were involved in over 4,000 legal cases in United States federal and state courts, including battles with casino patrons, million-dollar real estate lawsuits, personal defamation lawsuits, and over 100 business tax disputes.

In 1973, Trump was accused by the Justice Department of violations of the Fair Housing Act in the operation of 39 buildings. The department said that black "testers" were sent to more than half a dozen buildings and were denied apartments, but a similar white tester would then be offered an apartment.

In 1988, the Justice Department sued Trump for violating procedures related to public notifications when buying voting stock in a company related to his attempted takeovers of Holiday Corporation and Bally Manufacturing Corporation in 1986. Trump agreed to pay $750,000 to settle the civil penalties of the antitrust lawsuit.

In 2001, the U.S. Securities and Exchange Commission brought a financial-reporting case against Trump Hotels & Casino Resorts Inc., alleging that the company had committed several "misleading statements in the company's third-quarter 1999 earnings release".

In 2000, Donald Trump paid $250,000 to settle fines related to charges brought by New York State Lobbying Commission director David Grandeau. Trump was charged with circumventing state law to spend $150,000 lobbying against government approval of plans to construct an Indian-run casino in the Catskills, which would have diminished casino traffic to Trump's casinos in Atlantic City.

In 2013, in a lawsuit filed by New York attorney general Eric Schneiderman, Trump was accused of defrauding more than 5,000 people of $40 million for the opportunity to learn Trump's real estate investment techniques in a for-profit training program, Trump University, which operated from 2005 to 2011.

Trump University was later ordered by a U.S. district judge in April 2015 to pay Makaeff and her lawyers $798,774.24 in legal fees and costs. Donald Trump was found to have defrauded students and was forced to pay $25 million in restitution.

In 1991, one of Trump's casinos in Atlantic City, New Jersey, was found guilty of circumventing state regulations about casino financing when Donald Trump's father bought $3.5 million in chips that he had no plans to gamble. (runs in the family)

In 2006, the Town of Palm Beach began fining Trump $250 per day for ordinance violations related to his erection of an 80-foot-tall (24 m) flagpole flying a 15-by-25-foot (4.6 by 7.6 m) American flag on his property. Trump sued the town for $25 million, saying that they abridged his free speech, also disputing an ordinance that local businesses be "town-serving". The two parties settled as part of a court-ordered mediation, in which Trump was required to donate $100,000 to veterans' charities.

In 2003, the city of Stuttgart denied TD Trump Deutschland AG, a Trump Organization subsidiary, the permission to build a planned tower due to questions over its financing. Trump Deutschland sued the city of Stuttgart and lost. In 2004 Trump's German corporate partner brought suit against the Trump Organization for failure to pay back a EUR 2 million pre-payment as promised.

In April 1997, Jill Harth Houraney filed a $125,000,000 lawsuit against Trump for sexual harassment in 1993, claiming he "'groped' her under her dress and told her he wanted to make her his 'sex slave'".

[illuminati]

From 1973 and until he was elected president in 2016, Donald Trump and his businesses were involved in over 4,000 legal cases in United States federal and state courts, including battles with casino patrons, million-dollar real estate lawsuits, personal defamation lawsuits, and over 100 business tax disputes.

In 1973, Trump was accused by the Justice Department of violations of the Fair Housing Act in the operation of 39 buildings. The department said that black "testers" were sent to more than half a dozen buildings and were denied apartments, but a similar white tester would then be offered an apartment.

In 1988, the Justice Department sued Trump for violating procedures related to public notifications when buying voting stock in a company related to his attempted takeovers of Holiday Corporation and Bally Manufacturing Corporation in 1986. Trump agreed to pay $750,000 to settle the civil penalties of the antitrust lawsuit.

In 2001, the U.S. Securities and Exchange Commission brought a financial-reporting case against Trump Hotels & Casino Resorts Inc., alleging that the company had committed several "misleading statements in the company's third-quarter 1999 earnings release".

In 2000, Donald Trump paid $250,000 to settle fines related to charges brought by New York State Lobbying Commission director David Grandeau. Trump was charged with circumventing state law to spend $150,000 lobbying against government approval of plans to construct an Indian-run casino in the Catskills, which would have diminished casino traffic to Trump's casinos in Atlantic City.

In 2013, in a lawsuit filed by New York attorney general Eric Schneiderman, Trump was accused of defrauding more than 5,000 people of $40 million for the opportunity to learn Trump's real estate investment techniques in a for-profit training program, Trump University, which operated from 2005 to 2011.

Trump University was later ordered by a U.S. district judge in April 2015 to pay Makaeff and her lawyers $798,774.24 in legal fees and costs. Donald Trump was found to have defrauded students and was forced to pay $25 million in restitution.

In 1991, one of Trump's casinos in Atlantic City, New Jersey, was found guilty of circumventing state regulations about casino financing when Donald Trump's father bought $3.5 million in chips that he had no plans to gamble. (runs in the family)

In 2006, the Town of Palm Beach began fining Trump $250 per day for ordinance violations related to his erection of an 80-foot-tall (24 m) flagpole flying a 15-by-25-foot (4.6 by 7.6 m) American flag on his property. Trump sued the town for $25 million, saying that they abridged his free speech, also disputing an ordinance that local businesses be "town-serving". The two parties settled as part of a court-ordered mediation, in which Trump was required to donate $100,000 to veterans' charities.

In 2003, the city of Stuttgart denied TD Trump Deutschland AG, a Trump Organization subsidiary, the permission to build a planned tower due to questions over its financing. Trump Deutschland sued the city of Stuttgart and lost. In 2004 Trump's German corporate partner brought suit against the Trump Organization for failure to pay back a EUR 2 million pre-payment as promised.

In April 1997, Jill Harth Houraney filed a $125,000,000 lawsuit against Trump for sexual harassment in 1993, claiming he "'groped' her under her dress and told her he wanted to make her his 'sex slave'".

Donald sure is one very busy Man & clearly earns/ generates huge amounts of money.
Brilliant 👏🏻👏🏻👏🏻  go Donald 👊🏻

[Primemuscle]

Donald sure is one very busy Man & clearly earns/ generates huge amounts of money.
Brilliant 👏🏻👏🏻👏🏻  go Donald 👊🏻

I hope you noted that I only included actions brought against Trump and of those only the ones which were before he ran for President. Had this list included the suits he's brought against other folks this list would be several pages long. I suppose you could suggest that when he loses actions brought against him, he is generating money for the plaintiffs, but not for himself. So yeah, a lot of money has passed through his hands both incoming and outgoing, as happened with the six bankruptcies, he's filed. -just the cost of doing business, right?

[chaos]

Donald sure is one very busy Man & clearly earns/ generates huge amounts of money.
Brilliant 👏🏻👏🏻👏🏻  go Donald 👊🏻

Clearly the obsession with Donald runs deep.