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.”
I believe, and this is as diplomatic as I care to be, that he is perhaps concerned with billionaires fleeing the state and that a national approach could prevent that.
On the other hand it is more likely that his resistance to the CA tax and cheerleading of a national approach is purely performative as it will simply not happen at that scale, so that his pseudo-progressive veneer isn’t stripped away.
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wasn’t this asshole against the billionaire tax in California?
Yes, but then he realized that showing his whole ass before his presidential campaign/election was a bad strategy. He’s in damage control mode. If elected, I’m sure he’ll flip back to not wanting it again.
He’s an opportunist first and everything else second. Flip flopping is kind of what he does.
What an absolute fucking snake. He’s been opposing the billionaires tax in Cali and now he wants to say it should be national where there is no chance of passage?
Fuck this guy.