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Gavin Newsom Calls for 'National Billionaires Tax' to Trigger 'Economic Reset'

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26.06.2026

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Gavin Newsom Calls for 'National Billionaires Tax' to Trigger 'Economic Reset'

Call it the Zohran Mamdani Effect. Or call it a familiar page out of the shopworn Democrat playbook.

Either way, it amounts to one of the most tedious recurring projects in American leftism. And one prays that voters have the good sense to reject it.

Friday on the social media platform X, Democratic Gov. Gavin Newsom of California, widely regarded as a candidate for the 2028 Democratic presidential nomination, effectively acknowledged his party’s Mamdani-led leftward lurch by calling for a “national billionaires tax” and an “economic reset.”

On Tuesday, Democratic Mayor Zohran Mamdani of New York City enjoyed a clean sweep in the party’s congressional primaries. All three Mamdani-endorsed socialist candidates won their races, two of them handily.

Meanwhile, New........

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