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Gavin Newsom opposes a California wealth tax. He's proposing a national tax
- Bender 4mo agoFull Title: Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead
- al_borland 4mo 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.
- misterinfo 4mo agoAndrew Yang ahead of the game with the Universal Basic Income.
- deleted 4mo ago[deleted]
- ycusr26 4mo ago[dead]
- DivingForGold 4mo agoOf course he is, because a national tax would virtually eliminate all the wealthy fat cats leaving his state now ...