Gavin Newsom
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a framework around progressive taxation, which is interesting because now Trump himself at least asserts modestly that he is looking to promote a progressive tax for people earning over two and a half million dollars, which dare I say, looks a little bit like California. We in California have the highest tax rate for the top earners.
a framework around progressive taxation, which is interesting because now Trump himself at least asserts modestly that he is looking to promote a progressive tax for people earning over two and a half million dollars, which dare I say, looks a little bit like California. We in California have the highest tax rate for the top earners.
a framework around progressive taxation, which is interesting because now Trump himself at least asserts modestly that he is looking to promote a progressive tax for people earning over two and a half million dollars, which dare I say, looks a little bit like California. We in California have the highest tax rate for the top earners.
but we have very progressive rate as it relates to middle income and low wage earners. And I'll give you a proof point of that. There are 16 states in America, again, this is about facts, 16 states in America that tax their poorest residents more than we tax our richest residents. So it begs the question, who's the high tax state?
but we have very progressive rate as it relates to middle income and low wage earners. And I'll give you a proof point of that. There are 16 states in America, again, this is about facts, 16 states in America that tax their poorest residents more than we tax our richest residents. So it begs the question, who's the high tax state?
but we have very progressive rate as it relates to middle income and low wage earners. And I'll give you a proof point of that. There are 16 states in America, again, this is about facts, 16 states in America that tax their poorest residents more than we tax our richest residents. So it begs the question, who's the high tax state?
So that issue among many other issues, again, manufacturing, and I don't think most Californians know this, $412 billion of output in manufacturing. That's 41% bigger than the next state. And as we had a chance to talk a few weeks ago, I think this is profoundly important. When you look at the issue of donor states, you talk about trade imbalances and trying to level set this trade imbalances.
So that issue among many other issues, again, manufacturing, and I don't think most Californians know this, $412 billion of output in manufacturing. That's 41% bigger than the next state. And as we had a chance to talk a few weeks ago, I think this is profoundly important. When you look at the issue of donor states, you talk about trade imbalances and trying to level set this trade imbalances.
So that issue among many other issues, again, manufacturing, and I don't think most Californians know this, $412 billion of output in manufacturing. That's 41% bigger than the next state. And as we had a chance to talk a few weeks ago, I think this is profoundly important. When you look at the issue of donor states, you talk about trade imbalances and trying to level set this trade imbalances.
How about the imbalance between a state like California that provided as a donor state $83.1 billion more than it received from the federal government and red states
How about the imbalance between a state like California that provided as a donor state $83.1 billion more than it received from the federal government and red states
How about the imbalance between a state like California that provided as a donor state $83.1 billion more than it received from the federal government and red states
of which literally seven of the top 10 states that are taker states, dare I say, or recipients of more federal largesse, again, are in those red parts of the country, including, by the way, the $71.1 billion that Texas takes in more than they provide the federal government.
of which literally seven of the top 10 states that are taker states, dare I say, or recipients of more federal largesse, again, are in those red parts of the country, including, by the way, the $71.1 billion that Texas takes in more than they provide the federal government.
of which literally seven of the top 10 states that are taker states, dare I say, or recipients of more federal largesse, again, are in those red parts of the country, including, by the way, the $71.1 billion that Texas takes in more than they provide the federal government.
My biggest anxiety is how serious and real this all is. Not just the rule of law, not just this notion of three co-equal branches of government, the best of our Greek democracy in the Roman Republic, this notion of popular sovereignty, all of that being at risk. But the coin of the realm above anything else is trust.
My biggest anxiety is how serious and real this all is. Not just the rule of law, not just this notion of three co-equal branches of government, the best of our Greek democracy in the Roman Republic, this notion of popular sovereignty, all of that being at risk. But the coin of the realm above anything else is trust.
My biggest anxiety is how serious and real this all is. Not just the rule of law, not just this notion of three co-equal branches of government, the best of our Greek democracy in the Roman Republic, this notion of popular sovereignty, all of that being at risk. But the coin of the realm above anything else is trust.
and the brand that is America and alliances and how that could be destroyed like that and how consequential what Donald Trump is doing in real time. And I say that not because I think it, I know it. I cannot tell you how many foreign representatives and leaders that I've met with
and the brand that is America and alliances and how that could be destroyed like that and how consequential what Donald Trump is doing in real time. And I say that not because I think it, I know it. I cannot tell you how many foreign representatives and leaders that I've met with