Gavin Newsom reveals intimate phone calls from California’s wealthiest about billionaire’s tax: ‘They feel they’re being attacked’
Business
Gavin Newsom said California’s ultra-wealthy have been on the phone to him opposing the proposed ‘billionaire’s tax’. Gov. Newsom made the revelations at a Bloomberg forum event in San Francisco saying the state’s richest are pleading him with to stop the one-off 5% tax on those with more than $1 billion in assets. Up to 250 billionaires would potentially be hit with the tax. Google founders Larry Page and Sergey Brin have reportedly transferred their wealth from the state, Oracle founder Larry
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