California Gov. Gavin Newsom is experiencing an epiphany of sorts, as his state’s billionaires vamoose to avoid getting clobbered by a union-backed wealth tax. He now admits that taxes affect where people choose to live and invest. Glory be.
on.wsj.com/3MhdOr0— Wall Street Journal Opinion (@WSJopinion) Jan 31, 2026
The post California Gov. Gavin Newsom is experiencing an epiphany of sorts, as his state’s billionaires vamoose to avoid getting clobbered by a union-backed wealth tax. He now admits that taxes affect where people choose to live and invest. Glory be. https://on.wsj.com/3MhdOr0 first appeared on October Surprise 2016 – octobersurprise2016.org.
