It sure looks like Newsom is running for president. The boat reg is only the tip of the iceberg and I don’t want to turn this too political by listing all of the terrible policy or hypocrisy from this clown.
The 4% added fee applies to any piece of property; a ranch or farm thats been in your family for years, a commercial property you own or in partnership…or in an investment group.
Newsom brags that the Ca economy is a massive stand alone economy- which is a bald faced lie. He uses the money the Federal gov gives CA as part of the GDP numbers.
Heres a link that gives the real breakdown of where the decades long rulers in CA have taken us
Alt Market.US
From the link;
As of the most recent tax year for which figures are available,
Californians paid $234 billion in federal income taxes. However, the state has already been allotted over $390 billion in funds from the federal government so far in 2023 and the year is only half done.
Not only that, but CA took even MORE federal money from 2020 – 2022 ($400 billion to $500 billion) each year.
Meaning, on average, CA is taking around $150-$200 billion more in federal money than it pays back in federal taxes every year.
Gavin Newsom often brags about California’s amazing budget surplus during covid, but the reality is that all of that cash was fed to the state by the federal government and the federal reserve printing press. For example,
California defaulted on almost $19 billion in unemployment debt during their lockdowns, which they then had to borrow from the federal government to cover. They then passed that debt on to struggling business owners, forcing them to shoulder the burden through extra taxation while Newsom expanded deficit spending.
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So next time you hear the presidential candidate Newsom bragging about his supposed success…you know its a lie.
