Elon Musk Mocks Gavin Newsom's Billionaire Tax Plan With Brutal Meme— The California Governor Retorts 'We'll Tax Trillionaires Even More'

Benzinga06-27 15:10

Newsom, who is widely viewed as a potential Democratic contender for the 2028 presidential election, on Friday proposed what he described as an “economic reset for America” in a Substack post and ...

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Time to cough up after all that California corporate welfare!”\nMusk currently has a net worth of $946.7 billion, according to Forbes. He became the world’s first trillionaire after SpaceX’s public debut on June 12.\nFormer White House AI and crypto czar David Sacks also criticized Newsom.\nHe took to X and said, “Today was the day that Gavin Newsom was supposed to save the tech industry by cutting a deal to kill the Billionaire Tax Act. Instead, he came out as DSA-adjacent… See y’all in Texas!”\nMeanwhile, former White House Communications Director Anthony Scaramucci argued that Democrats risk hurting their electoral prospects by embracing higher taxes on the wealthy.\n“I think the Democrats want the GOP to win the presidency in 2028,” Scaramucci wrote, adding that wealth inequality could be addressed through “way more clever and way more market based ways” than the approach Newsom outlined.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646313416","isCrawlerRequest":true}