California Governor Gavin Newsom is advocating for a national tax on billionaires. This proposal was made on Friday, despite his opposition to a similar tax in his home state. Newsom, a Democrat, is nearing the end of his term and is considering a presidential run.

Details about the proposed national billionaires' tax are limited, but it appears to be part of Newsom's broader vision for the US government. He also suggested that the government should have a significant ownership stake in certain entities, although specifics are not available. For more information on Newsom's proposals, readers can refer to the original source, which may provide further details and context on his plans.