Gavin Newsom backs nationwide billionaire tax and an AI equity fund: 'Every American should own a piece'

Gavin Newsom advocates for a federal billionaire tax instead of California's proposed one-time tax on billionaires. He also proposes a national public equity fund to hold stakes in major AI companies, ensuring Americans benefit from AI advancements. Newsom calls for tax reforms including pre-Trump corporate tax rates and revised inheritance rules.