Straight-up THEFT! It's so destructive, even GAVIN NEWSOM is terrified it will pass and warns it will harm the economy. They will move to Florida and Texas!

California Democrats are moving to pass a draconian 5% TAX on 200 billionaires' assets statewide, one-time

By News on the Net -- Eric Daugherty——Bio and Archives--August 3, 2026

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???? JUST IN: California Democrats are moving to pass a draconian 5% TAX on 200 billionaires' assets statewide, one-time

Straight-up THEFT!

It's so destructive, even GAVIN NEWSOM is terrified it will pass and warns it will harm the economy

They will move to Florida and Texas! pic.twitter.com/jbHrXD73xe
— Eric Daugherty (@EricLDaugh)August 3, 2026

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