California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.

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.”

  • CharlesDarwin@lemmy.worldEnglish
    1·
    18 hours ago

    he is perhaps concerned with billionaires fleeing the state and that a national approach could prevent that

    Not sure about his motivations, but we absolutely cannot be playing states off of one another to see who can bend over the hardest for the Epstein Class.

    Fuck that noise.