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Newsom urges a national ‘billionaires’ tax’ while fighting one in California (apnews.com)

submitted 5 days ago by FlashMobOfOne@lemmy.world to c/latestagecapitalism@lemmy.world

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California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another proposal targeting the wealthy in his home state.

Newsom also said the U.S. government should own a stake in artificial intelligence companies. His proposals, outlined in a Substack post, aligns him with the Democratic Party’s populist left, and he argued that urgent changes are needed to prevent the elite concentration of wealth and power from undermining democracy.

“It’s time for an economic reset for America,” Newsom wrote.

The governor announced his agenda a day after an influential health care union in California pledged to go forward with a ballot measure that would impose a one-time 5% tax on the assets of billionaires living in the state as of Jan. 1, 2026.

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[–] BarneyPiccolo@lemmy.today 6 points 5 days ago (1 children)

If we elect this Oligarch-sucking DINO as president, we might as well just give Trump a third time. This liar used to be married to Kimberly Guilfoyle, Don Jr's Ex. That's all I need to know about any of them. He's just the same as them.

[–] TachyonTele@piefed.social -1 points 5 days ago (2 children)

Jesus. Imagine your gf telling you she used to date a trump! Id probably push her down the stairs.

[–] Notyou@sopuli.xyz 3 points 5 days ago

The timeline is the opposite. Newsome was so bad that she decided to date a trump.

[–] drcobaltjedi@programming.dev 2 points 5 days ago

Soooo, my high school gf was a trump supporter BEFORE that was a thing. This was like 2013 and she really wanted him to run for president. This was the first I heard of him so I looked at his 2013 wikipedia page and concluded he was evil and told her such back then. She did not like me saying this evil man was evil.