California Gov. Gavin Newsom called for a nationwide tax on billionaires as part of a broader “economic reset for America.”
Newsom, who is considered to be a 2028 presidential contender, also reiterated his opposition to a state-level wealth tax that Californians will vote on in November.
He also called for creating a “national public equity fund” to help “ensure every American owns a stake in the future being built by AI.”
Millionaires too, but we can start with the billionaires and up. It would be nice if we could replace capital gains with a system that actually taxes their assets rather than what they get when they sell those assets, but that’ll never fucking happen