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'Newsom Does Not Want to Tax Billionaires,' Say Campaigners, 'But Wants You to Think He Does'
(www.commondreams.org)
this post was submitted on 28 Jun 2026
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The people. People makeup an economy and are the primary driving force. Also the cashflow of those people. If big businesses want to make more money then they will want to be doing business with Californians.
TIL people only exist in California and also can't do business with California outside of California.
My guy, let’s drop the snark for a minute here if we’re having a dialogue. You know we’re talking about Californians and business in California.
Not everyone lives in California, but based on the context of the conversation of California’s economy, then businesses doing business with Californians are subject to California law and California taxes. If Amazon wants to sell to people in California then they have to play ball by California’s rules for instance.
I honestly don't know what you're talking about, sorry. Some vague mention of "people" and nothing to do with the California economy or why billionaires can't engage with it from outside of California.
We're not discussing Amazon or any other company, we're discussing billionaires. Bozos can easily move his primary residence to Texas or Colorado and pay his taxes accordingly, and Amazon can continue doing 100% of the things they're already doing.
Can you help direct me towards where you would like further clarification specifically? It sounds like you are confused about how the people of California is related to the economy of California. It also sounds like you’re not sure how billionaires’ businesses are tied to wealth or established businesses in California.
Amazon was just an example for the context of the conversation for how billionaires’ businesses would still want/need to play by California rules to do business in California.
Billionaires are not inherently separate from their companies. That much I want to lay out front and center here at the start. Bezos can easily move his residence to Texas or Colorado and pay taxes for the business he has in Texas or Colorado. He still owes income taxes to each state he personally does business in.
Now, Bezos might not tie a lot of business to his personal name so his own personal income taxes are probably not showing up as if it’s through multiple states. But Amazon itself is paying taxes based on where it conducts business. Amazon the company rubber stamps a paycheck and stock package to Bezos, of which he’s paying state and federal taxes based on where he lives for his paycheck. If his permanent residence is in a state where there is not state income taxes then his personal income tax statement would not be as high as if he had it paid out in Washington or California.
I don't know how to be more clear. What can a billionaire not do when moving out of CA? What are they being deprived of by leaving? "People" is incredibly vague and doesn't tell me anything.
He doesn't personally do business in any state other than the one he's paid by Amazon in. Amazon does business in California and pays taxes accordingly. Amazon is not a billionaire and thus not subject to any potential wealth tax.
Exactly. He and other billionaires can simply move where he receives his paycheck to another state.