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Blue Full Moon

(3,329 posts) Wed Feb 18, 2026, 03:19 PM Wednesday

Memo to Newsom, Why taxing the rich makes sense.

https://open.substack.com/pub/robertreich/p/memo-to-kathy-hochul-and-gavin-newsom?utm_source=share&utm_medium=android&r=1i4zx8

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Memo to Newsom, Why taxing the rich makes sense. (Original Post) Blue Full Moon Wednesday OP

"that is where the money is" willie sutton rampartd Wednesday #1

Excerpt Cirsium Wednesday #2

They are loyal to who gives them money. Blue Full Moon Wednesday #3

rampartd

(4,398 posts)

1. "that is where the money is" willie sutton

Reply to Blue Full Moon (Original post)

Wed Feb 18, 2026, 03:21 PM

Wednesday

Cirsium

(3,727 posts)

2. Excerpt

Reply to Blue Full Moon (Original post)

Wed Feb 18, 2026, 03:25 PM

Wednesday

Yesterday, New York City’s new mayor Zohran Mamdani proposed raising property taxes in the city by nearly 10 percent — if he can’t persuade New York Governor Kathy Hochul to raise income taxes on the wealthy. She’s been reluctant.

In California, meanwhile, Google co-founder Sergei Brin along with former Google CEO Eric Schmidt and other billionaires are financing several voter initiatives to limit the creation of a new billionaire tax in California. California Governor Gavin Newsom is also against it.

Why are the governors of the most progressive and richest states in America so unenthusiastic about raising taxes on the wealthiest of the wealthy?

The kindest answer is they’re worried that the rich will abandon their states. (The unkinder is that they’re in the pockets of said rich.)

Blue Full Moon

(3,329 posts)

3. They are loyal to who gives them money.

Reply to Cirsium (Reply #2)

Wed Feb 18, 2026, 05:16 PM

Wednesday

The same billionaires control both parties. The Democratic Party a little less. Time for FDR's 2nd Bill of Rights.

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