%20(1).jpg)
California’s billionaire tax could bring down Gavin Newsom
Gavin Newsom’s run for the White House is going from bad to worse.
Gavin Newsom’s run for the White House is going from bad to worse. Last week, his former chief of staff was arrested for allegedly siphoning off campaign funds for personal use, raising questions about the California Governor’s control of his inner circle. Now a bigger challenge looms: a rising socialist tide.
After Zohran Mamdani’s sweep to the New York mayoralty and a similarly high-profile win for Katie Wilson in Seattle, California progressives are eyeing a new billionaire tax initiative — a policy Newsom is staunchly against. The union-backed legislation would see the state’s richest residents hit with a one-time, 5% tax on the net worth of individuals — including everything from investments to property value, and even other assets like jewellery and paintings — worth over $1 billion. The revenue would go into a special fund with 90% reserved for healthcare spending and 10% for the state’s ailing K-12 education system.
Newsom likes to claim that California is “the envy of the world” when it comes to social justice. In reality, the state suffers from the highest poverty rate in the country and maintains the highest unemployment, which is particularly acute among young people under 30. To top it off, the level of inequality is greater than Mexico and closer to countries such as Guatemala and Honduras: hardly the envy of the Americas, let alone the world.
In the past, Newsom sought to stifle debate about the dire condition of the state by building what The Nation called an ideal “blue welfare state” — a model of government based on European democracies that prioritises welfare. But economic and budget conditions suggest the state is running out of money and cannot continue handing out ever bigger subsidies to poorer residents. California spends more of its budget on welfare than almost any other state, twice as much as arch-rival Texas.
Politics
%20Richard%20Samuelson%20%20-%20Is%20American%20Nationalism%20Still%20Creed-able_-1.jpg)
Is American Nationalism Still Creed-able?
We are not there now, but there is reason to worry that the United States is in danger, if we are not careful, of ceasing to be a nation with the principles of 1776 at its core.
National Civitas Institute Poll: Americans are Anxious and Frustrated, Creating a Challenging Environment for Leaders
The poll reveals a deeply pessimistic American electorate, with a majority convinced the nation is on the wrong track.
.webp)
%20(1).avif)
.png)
.png)
.png)
.png)
Why America, Not Iran, Has the Stronger Legal Position in the Current War
There are both long and short time scales for evaluating the current conflict over control of the Strait of Hormuz.
The Cuba Play
Cuba, in relation to China and Russia, poses a threat due to the risk of weapons deployment or strategic positioning in the event of an attack on the US homeland.
The Iran War and the Coming Global Struggle
The United States is growing more risk-tolerant, more willing to accept regional instability as a strategic tool, and deliberately positioning itself for the far greater challenge of confronting China in the coming decades.
Postliberalism’s Hungary Gambit Failed
With Viktor Orbán’s party losing power in Hungary and postliberals at odds with the Trump administration over the Iran War, this iteration of postliberalism looks once again bound not only to fail in terms of its own principles but also to remain politically relevant.
