Gavin Newsom backs nationwide billionaire tax and an AI equity fund: 'Every American should own a piece'

Gavin Newsom is advocating for a nationwide billionaire tax and a new AI equity fund, emphasizing that "every American should own a piece" in the tech revolution. Despite his support for this broader initiative, he's against California's specific billionaire tax initiative set to be voted on in November. This move highlights a nuanced stance on wealth redistribution and the potential economic benefits of AI, suggesting a push for equitable innovation and wealth-sharing on a larger scale. It's a significant development that could reshape the national dialogue on taxes and tech equity.