1 Day
Source:
The Guardian
Newsom pushes for national billionaires tax
California Governor Gavin Newsom has called for a national wealth tax targeting the super-rich, proposing a minimum tax on individuals with a net worth above $100 million. He advocates for federal measures, including ownership stakes in AI companies and reforms to inheritance and corporate taxes, to address wealth concentration and promote economic fairness. Newsom's proposals aim to fund social programs and counteract the influence of the ultra-wealthy on democracy.
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