Gavin Newsom opposes a California wealth tax. He's proposing a national tax

> 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.

Andrew Yang ahead of the game with the Universal Basic Income.

Full Title: Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead