It's time for a national billionaires’ tax and a new social compact...We must democratize the American economy to save democracy...Gavin Newsom

VIDEO AT LINK........... Last night, it became certain that a wealth tax would be placed on the November ballot in California. I’m voting no. And I’m going to spend the rest of this piece telling you why, and what we should be doing instead. When 10% of the people in this country own two-thirds of the wealth, when we have minted the first trillionaire in human history, and yet your wages have stagnated, and your healthcare costs have skyrocketed, something is fundamentally broken. Over the decades, the American economy has been engineered for the very top, a story as old...