Gov. Newsom called for a national tax on the country’s wealthiest Americans, unveiling his plan to address growing wealth inequality a day after a proposed billionaire tax, to which he objected, secured a spot on California’s November ballot. https://t.co/JiIJTEd3LW
If California voters approve the 5% wealth tax on billionaires:
Sergey Brin, Google’s founder, would pay $13.65 billion more in taxes.
He’d still be worth $259 billion and healthcare would be saved for 3 million people.
Instead, he’s spending $57 million to defeat it. Obscene.
🚨NEW: Gavin Newsom is calling for a NATIONAL BILLIONAIRES’ TAX and a new AI public equity fund to help establish:
Universal child care
Free college + career training
Universal healthcare
Let's go!!!
It's time for a national billionaires tax and a new social contract.
10% of Americans own two-thirds of the wealth. Wages have stagnated. The cost of living has skyrocketed.
The system is fundamentally broken.
The federal tax code, a corporate code, and an inheritance code were written for a different set of Americans.
It’s time for an economic reset.
https://t.co/nrRXzlFLKy