Gavin Newsom

Yeah, I mean...

You could have that conversation.

Yeah, but at a national level, we're competing with 50 states.

Capital flows and move, that's real.

It's not imagined.

It's very, very real.

So we have a progressive tax structure, the most progressive in the country.

By the way, states like Texas and Florida, the most regressive tax structures.

They tax their lowest wage earners more than we tax our highest wage earners.

They are the high tax states.

We have the highest tax rate for the 1%.

But for working folks and middle class, it's a very different tax structure.

That's the approach we promote.

That's the approach that we advance in our state.

But again, our state of mind as it relates to the issue of a state-by-state wealth tax, the impact of that has to be considered in the context of how freely capital can move and how that's already occurred.

It's not just an assertion.

It's an evidence already in the state of California as it relates to a proposal that hasn't gone on the ballot,

a proposal that has never gotten through the legislature and a proposal that likely if it did get on the ballot will lose.

Would you campaign against it?

I'm opposed to it.