Gavin Newsom

And the third leg of the stool is a massive tax cut away from the wealthy and the privileged

taxing now the burden on small businesses and working folks.

That's the policy easily described of America's economic strategy.

And it's a failed strategy.

And the impacts of that strategy are being felt all throughout the United States of America, including my state that has been disproportionately impacted by these policies.

So I'm very critical of those.

I'm critical of our assault on institutions for higher learning, research.

institutions that have literally been, I mean, they're part of that formula for success.

The rest of the world gets that.

And he's putting sand in the gears across that spectrum.

And in California, again, is fighting and pushing back.

Why is that?

Well, one-time wealth tax at a state level that almost exclusively goes to solve one problem, health care,

and not solving for larger issues like education, supporting police officers and firefighters, and starves the rest of the general fund that has had already the impact of people moving out of our state

and impacting then the annual income tax collection is not something I support.

And by the way, vast majority of labor does not support as well.

And that's reflected in my opposition.

What's not reflected in my opposition, quite the contrary, is my advocacy for progressive taxes.

That does tax the wealthy disproportionately.

Do you have a theory for how to tax... I've been a strong advocate for that.