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

[Silver Gaia]

17. From what I've read, this is basically what his opposition is about.

(And no, I don't have a link, but I did read his words.) He indicated that he thought all this would actually do is cause many of the billionaires to just leave the state, so in the long run, it could cause more harm than good. That fits with him saying he thought such taxation would be positioned better at the federal level than the state level. That makes sense to me.

I am a Californian and I do support Newsom, so this matters a lot to me. He seems to think things over pretty carefully rather than spewing out lnee-jerk nonsense like so many politicians do these days. That, the "knee-jerk nonsense," has become so common that I think we tend to expect it, and sometimes judge a carefully expressed opinion to its detriment by that same standard. I've been watching and listening, and am willing to consider the merits of his viewpoint.