The MeidasTouch Podcast Tom Steyer Discusses Affordability and Governor’s Race
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Dec 7, 2025 Tom Steyer, a billionaire investor and Democratic candidate for Governor of California, dives into pressing issues like affordability and healthcare. He outlines a plan to close a corporate real estate loophole to boost funding for education and argues for a single-payer healthcare system to manage costs. Steyer also champions structural changes to reduce California's high energy costs and contrasts his forward-thinking economic vision with Trump's outdated policies. He emphasizes the need for strong leadership in facing federal challenges.
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Affordability Is A Structural Problem
- Tom Steyer argues affordability is California's core crisis and special interests are ripping off working families.
- He says closing corporate real estate tax loopholes can free $10–$15 billion annually for services.
Wins Against Oil And Tobacco
- Steyer recounts past ballot fights beating oil and tobacco interests to show he can take on entrenched power.
- He uses those wins to justify his willingness to challenge real estate developers and utilities in Sacramento.
Raise Revenue First, Reform Healthcare Next
- Close corporate tax loopholes to raise revenue for short-term needs like education and health care.
- Start planning structural single-payer reforms to control runaway healthcare costs long-term.