Grumpy Chinese Guy

Progressive in Words, Protective of Wealth

How Gavin Newsom Blocking a “Billionaire Tax” Exposes Who California Really Serves

Neil Zhu's avatar
Neil Zhu
Jan 14, 2026
∙ Paid

When Gavin Newsom openly admitted that he was working behind the scenes to kill a proposed “California Billionaire Tax” ballot initiative before it reached voters in 2026, this stopped being a routine state policy story.

This was a class-position statement.

Newsom was not debating how the tax could be improved, refined, or made more enforceable. His first instinct was to stop it from existing at all. Not to fix it. To bury it.

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