Gavin Newsom opposes a California wealth tax. He's proposing a national tax

4 pointsposted 12 hours ago
by Bender

6 Comments

al_borland

12 hours ago

> Newsom says his idea comes out of wanting to create a bulwark against how artificial intelligence will reshape the economy, also proposing what he calls a “national public equity fund” to give every American, rather than just tech companies and investors, a share in the wealth likely to be produced.

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.

DivingForGold

10 hours ago

Of course he is, because a national tax would virtually eliminate all the wealthy fat cats leaving his state now ...

user

11 hours ago

[deleted]

misterinfo

11 hours ago

Andrew Yang ahead of the game with the Universal Basic Income.

Bender

12 hours ago

Full Title: Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead