Saikat Chakrabarti(@saikatc):The California Wealth Tax is a precursor to the 2028 primary. Newsom is fighting to keep a Dem Party that caters to billionaires, because he needs them to fund his campaign. Ro Khanna has backed the wealth tax because he wants a Dem Party that is free to tackle the oligarchy. That led the billionaires to fund a primary challenge against him (which he beat).

Saikat Chakrabarti

@saikatc

Working on solutions as big as the problems we face.

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Saikat Chakrabarti@saikatc

2026.10.01 23:13

The California Wealth Tax is a precursor to the 2028 primary. Newsom is fighting to keep a Dem Party that caters to billionaires, because he needs them to fund his campaign. Ro Khanna has backed the wealth tax because he wants a Dem Party that is free to tackle the oligarchy. That led the billionaires to fund a primary challenge against him (which he beat).