Nolte: Gavin Newsom Pushes Retroactive Tax, Including Those Who Fled the State

[mystery-ak]

Nolte: Gavin Newsom Pushes Retroactive Tax, Including Those Who Fled the State

John Nolte 3 Dec 2025

Right now, Gov. Gavin Newsom (D-CA) is only targeting billionaires, but the precedent of a retroactive tax, even on those who left the state, should make every California resident (or former resident) uneasy.

“Newsom is pushing the retroactive billionaire tax targeting the roughly 220 billionaires residing in California in 2025,” reports Jonathan Turley. “It signals not just desperation in the face of crippling debt and overspending but a recognition that California is chasing its highest earners out of the state.”

It’s called the “2026 Billionaires Tax Act” and would hit anyone worth more than a billion dollars with a supposed “one-time” five percent tax on their wealth over a billion dollars. Ah, but here’s the catch…

“While technically using 2026 wealth figures, it would apply to billionaires who resided in California in 2025,” adds Turley. “So you cannot hope to flee… at least with your wealth intact. It is a penalty for those who stayed too long, hoping that rational minds would prevail in California.”

Taxing billionaires … whatever. Who cares?

Retroactively taxing billionaires? We should all care.

more
https://www.breitbart.com/economy/2025/12/03/nolte-gavin-newsom-pushes-retroactive-tax-including-those-who-fled-the-state/

[DefiantMassRINO]

Pay it with a post-dated out-of-state check.  Pay it with paper checks for 1 cent.  Make the bastids work to collect their tribute.

[PeteS in CA]

Ex post facto law

[Ghost Bear]

Straight out of "Atlas Shrugged".

[DB]

Ex post facto law

They've already had ex post facto taxes applied to people at the federal level and gotten away with it.

[andy58-in-nh]

Straight out of "Atlas Shrugged".

Yep. Directive 10-289.

Dystopian fiction is intended as a warning, not a playbook.