Gov. Gavin Newsom declares war on America’s billionaires while bizarrely opposing California wealth tax

Gov. Gavin Newsom has proposed a national wealth tax targeting America's billionaires, despite his steadfast opposition to implementing a similar levy within California. Meanwhile, California voters will decide in November whether to impose a one-time 5% net-worth tax on the state's billionaire residents. This ballot measure proceeded to the voters after Newsom's efforts to block the proposal failed, creating a contrast between his national tax advocacy and his state-level policy stance.