Gavin Newsom opposes a California wealth tax. He's proposing a national tax(cnn.com)
cnn.com
Gavin Newsom opposes a California wealth tax. He's proposing a national tax
https://www.cnn.com/2026/06/26/politics/gavin-newsom-billionaire-tax-california
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Of course he is, because a national tax would virtually eliminate all the wealthy fat cats leaving his state now ...
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Andrew Yang ahead of the game with the Universal Basic Income.
Full Title: Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead
Sounds like he’s claiming Andrew Yang’s ideas as his own. That was the basis for his run in 2020. Sanders also brought it up recently.
Of course, this assumes AI ends up having tangible economic value. That’s a question it seems we’re still trying to answer.