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.”

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[–] 4 points 4 months ago

There's a billionaire tax on the CA ballot currently. Newsome has actively done everything he could to oppose it, and has promised to veto it if it passes. He doesn't want to tax billionaires, he wants the vote to happen in a forum that it won't pass in.

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