Newsom calls for a national billionaires’ tax — just not the one his state’s voters are about to pass

California Governor Gavin Newsom is advocating for a nationwide billionaires' tax, a federal public AI ownership fund, and changes to inheritance laws, aiming to address wealth inequality and fund public initiatives. This move comes despite California voters soon deciding on a similar but more state-specific wealth tax. While Newsom's federal proposals could face political hurdles, they highlight a growing push for progressive taxation and tech regulation at the national level, reflecting a broader debate about wealth distribution and the role of technology in society.