Actor Mark Ruffalo recently took to social media to call out California Governor Gavin Newsom over the proposed “billionaire tax.”
Newsom has come out against Proposition 40, a ballot initiative that would see Californians with more than $1 billion in net worth pay a one-time 5% tax on their assets.
Ruffalo didn’t pull any punches on X, saying that “It’s crazy that this is what he [Newsome] chooses to spend his political capital, and part of his legacy, doing.”
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Californians will vote on the measure on Nov. 3 in the state’s general election.
Billionaire tax
Ruffalo’s post was in response to a post from state Rep. Ro Khanna, who shared a graphic of Newsom with text on it that read “Join Gov. Newsom in voting YES on 42 to protect your retirement from new taxes.”
Khanna supports Prop 40 and in his post accompanying the image of Newsom said “It is so sad to see Gavin Newsom be the poster child to ban any new wealth tax on billionaires.”
Proposition 42 is a competing measure on the same ballot as Prop 40 that would bar the levying of new and retroactive taxes on things like personal assets, individual savings and more. The measure would all but repeal Prop. 40 if passed. An additional measure on the ballot, Proposition 41, would also undercut Prop. 40, if enacted, CNBC reported.
Newsom, a Democrat, has said that he does not support a wealth tax at the state level. “The fight belongs at the federal level, where this broken system was created in the first place,” he wrote in June, in a Substack post arguing for a national billionaires’ tax.
Newsom, who is currently serving his second term as California governor, has said he would consider running for president in 2028. However, Ruffalo believes that Newsom’s position on Prop. 40 is at odds with his presidential aspirations.
“It’s beyond sad. It’s beyond disappointing; at this point, it’s disqualifying for anyone with ambitions for higher office as a Democrat, or a Republican, for that matter, to be fighting to keep billionaires from being taxed while kids don’t have health insurance and the cost of living goes sky-high,” Ruffalo wrote.
The taxes collected by Prop. 40 would mostly go toward state health care programs that were impacted by funding cuts by the One Big Beautiful Bill Act, per CNBC.
“California’s health care safety net is under extraordinary threat, as Medi-Cal — the backbone of coverage for nearly 15 million low-income Californians, including more than half of the state’s children, 2.2 million seniors and people with disabilities, and one in five of all working adults — faces billions in federal funding cuts which will only exacerbate existing challenges,” the text of the proposed law reads.
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‘We aren’t looking for the Democratic version of Trump’
Ruffalo also zeroed in on the billionaires that Prop. 40 would impact, and Newsom’s perceived support for them.
“These billionaires are also the ones hellbent on replacing entire workforces with the AI they are developing with our tax dollars,” noting that Newsom “vetoed the bill that would have put a ‘kill switch’ on AI for our protection,” in reference to a 2024 AI safety bill passed by legislators.
It’s estimated that California has roughly 200 to 250 billionaires, with their collective wealth estimated at $2.4 trillion, “equivalent to about half the state’s GDP,” according to a New York Times report.
Ruffalo’s post goes on to make a direct address to the governor: “Gavin, we aren’t looking for the Democratic version of Trump.”
Ruffalo’s advice to Newsom? “The people need a champion, man. A real, bona fide champion who isn’t just tough in tweets or press conferences, but tough when it comes to the real imbalances people are struggling with every day: billionaires vs. people and the planet.”
With Election Day nearing, polls show that the “Yes” vote on Prop. 40 still has an edge, though the gap has narrowed compared to a few months ago. Many tech billionaires have come out against Prop. 40, some spending millions on campaigns against it, including Google co-founder Sergey Brin.
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Rebecca Payne has more than a decade of experience editing and producing both local and national daily newspapers. She's worked on the Toronto Star, the Globe and Mail, Metro, Canada's National Observer, the Virginian-Pilot and Daily Press.
