Billionaires TERRIFIED After Democrat Drops Stunning Truth Over Tax Ultimatum
December 29, 2025
131,953
5,518
1,824
5.56%
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5:24Now PlayingBillionaires TERRIFIED After Democrat Drops Stunning Truth Over Tax Ultimatum
YouTube Description
as posted by the channelBillionaires in California, such as Peter Thiel and Larry Page, cry and threaten ultimatum of them leaving the state over a new tax proposal that would tax billionaires to help recoup Medicaid funds stripped by the Republican budget and Democrat Ro Khanna is not having it. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
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Khanna Hits Back as Silicon Valley Oligarchs Threaten Primary Challenge Over California Billionaires Tax
"US Rep. Ro Khanna defended California’s proposed tax on extreme wealth Saturday after a pair of prominent Silicon Valley venture capitalists threatened to launch a primary bid for his California House seat.
The proposal, which advocates are gathering signatures to place on the ballot in 2026, would impose a one-time 5% tax on those with net worths over $1 billion to recoup about $90 billion in Medicaid funds stripped from the state by this year’s Republican budget law. The roughly 200 billionaires affected would have five years to pay the tax.
Mitt “47%” Romney’s Post-Career Call to Tax the Rich Met With Kudos and Criticism
While higher taxes on the superrich are overwhelmingly popular with Americans, the proposal has rankled many of California’s wealthiest residents, as well as California’s Democratic Gov. Gavin Newsom, who said earlier this month that he’s “adamantly” against the measure."
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