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Bernie vs. Newsom, the battle for billionaires

8 82
23.02.2026

A new rivalry has arisen between two of the Left’s largest players — and whenever the Left is feuding, it’s fun to watch. On Feb. 18, Sen. Bernie Sanders (I-VT) held a rally in Los Angeles to support a tax initiative called The Billionaire Tax Act, which targets over 200 billionaires who live in the state. Gov. Gavin Newsom (D-CA) has openly opposed the bill, claiming it would do more harm than good to the world’s fourth-largest economy. Newsom expressed concern that wealthy residents would likely move out of the state, damaging the overall economy and future tax revenue. 

Sanders argued that the “billionaire class no longer sees itself as part of American society,” suggesting that modern wealth has created a new era of isolation.

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“They see themselves as something separate and apart, like the oligarchs of the 18th Century, the kings and the queens and the czars,” the Vermont Independent said. “They believe they have the divine right to........

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