Summary
Senator Bernie Sanders and Governor Gavin Newsom disagree over a plan to introduce a new tax on billionaires in California. Sanders supports the tax, while Newsom opposes it, citing concerns about its impact on the state's economy.
Key Facts
- The proposed tax targets billionaires in California.
- Senator Bernie Sanders supports the tax plan.
- Sanders will campaign in Los Angeles to gain support for the proposal.
- Tech industry leaders in Silicon Valley oppose the tax, threatening to leave the state.
- Governor Gavin Newsom is against the tax, fearing it could harm the state's finances.
- Sanders is a well-known democratic socialist and has criticized wealth inequality for years.
- Newsom believes the tax could make California less competitive compared to other states.
