It's time for a national billionaires tax and a new social contract.
— Gavin Newsom (@GavinNewsom) June 26, 2026
10% of Americans own two-thirds of the wealth. Wages have stagnated. The cost of living has skyrocketed.
The system is fundamentally broken.
The federal tax code, a corporate code, and an inheritance code… pic.twitter.com/tLRbUId6yi
Newsom calls for national billionaire tax after fighting California wealth tax measure https://t.co/2R6r12Hvqd
— POLITICO (@politico) June 26, 2026
