California Governor Gavin Newsom sparked a firestorm over his call for a national wealth tax on billionaires, a flashing warning sign that open class warfare is back at the top of the Democratic Party’s agenda.
In a Friday video posted to social media, the outgoing governor made his pitch for an “economic reset for America” and a “new social contract” at a time when billionaires are fleeing his state to escape a looming 5 percent levy on their wealth and policies hostile to the rich, measures that Newsom wants to export to the entire nation.
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