California Democrats endorse a self-destructive 'billionaire tax'

The California Democratic Party is continuing its economic destruction of the state, driving taxpayers out while ramping up spending year after year.

The California Democratic Party officially endorsed the union-promoted billionaire tax that voters will see on the ballot later this year. This supposed “one-time” tax will take 5% off of each and every billionaire in the state. It is endorsed by a who’s-who of socialist Democrats across the country, including Sen. Bernie Sanders (I-VT). Gov. Gavin Newsom (D-CA) only opposes the tax because he wants to implement it nationwide.