Newsom Scrubs ‘$100 Million’ Slippery Slope From National ‘Billionaire Tax’ Pitch – And He’s Coming After Inheritance Too
California Governor Gavin Newsom (D) on Friday called for a national tax on billionaires. Except, in the original version, it was anyone with a net worth of at least $100 million – as quoted by multiple outlets, citing a post from Newsom’s Substack account. As originally reported by Politico: His plan to address the country’s yawning wealth gap includes “a true minimum tax on billionaires and those with a net worth of $100 million” and creating a national public equity fund to give all Americans a stake in the economic gains created by artificial intelligence companies. The post now reads: “So here is what I support: A national billionaires’ tax. A true minimum tax on billionaires — a modern Buffett Rule — that ensures the people at the very top pay at least the tax rate their own workers pay.” Bitch please. Newsom also wants to tax inheritance – writing “We also need to rewrite our inheritance rules. Over the next twenty years, this country will live through the largest intergenerational wealth transfer in human history, with roughly $124 trillion changing hands. …




