California governor, Musk make fun of each other over Billionaire tax across America | TheBriefWire
California governor, Musk make fun of each other over Billionaire tax across America
Published 3 July 2026 ยท us
California Governor Gavin Newsom's call for a nationwide billionaire tax has ignited a fierce online debate with tech titans Elon Musk and David Sacks. Newsom
California Governor Gavin Newsom's call for a nationwide billionaire tax has ignited a fierce online debate with tech titans Elon Musk and David Sacks. Newsom argues a federal approach is necessary to prevent the ultra-wealthy from relocating to avoid state taxes. Musk responded with a mocking meme, to which Newsom retorted about taxing trillionaires. Sacks criticized Newsom for not blocking a state-level "Billionaire Tax Act," suggesting a move to Texas.
Published: July 3, 2026 โข 5:28 PM IST ยท Updated: July 3, 2026 โข 7:33 PM ISTBy TheBriefWire Editorial Team
Key points
California Governor Gavin Newsom's call for a nationwide billionaire tax has ignited a fierce online debate with tech titans Elon Musk and David Sacks.
Newsom argues a federal approach is necessary to prevent the ultra-wealthy from relocating to avoid state taxes.
Musk responded with a mocking meme, to which Newsom retorted about taxing trillionaires.
Sacks criticized Newsom for not blocking a state-level "Billionaire Tax Act," suggesting a move to Texas.