Gavin Newsom(@GavinNewsom):It's time for a national billionaires tax and a new social contract. 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 were written for a different set of Americans. It’s time for an economic reset.

Gavin Newsom

@GavinNewsom

Husband to @JenSiebelNewsom and father. 40th Governor of California. Host of podcast This is Gavin Newsom.

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Gavin Newsom@GavinNewsom

2026.06.26 13:14

It's time for a national billionaires tax and a new social contract. 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 were written for a different set of Americans. It’s time for an economic reset.