California Governor Gavin Newsom (D) on Friday called for a national tax on billionaires. Except, in the original version, it was anyone with a net worth of at least $100 million - as quoted by multiple outlets, citing a post from Newsom's Substack account. As originally reported by Politico:His plan to address the country’s yawning wealth gap includes “a true minimum tax on billionaires and those with a net worth of $100 million” and creating a national public equity fund to give all Americans a stake in the economic gains created by artificial intelligence companies. The post now reads:"So here is what I support: A national billionaires’ tax. A true minimum tax on billionaires — a modern Buffett Rule — that ensures the people at the very top pay at least the tax rate their own workers pay."Bitch please. Newsom also wants to tax inheritance - writing "We also need to rewrite our inheritance rules. Over the next twenty years, this country will live through the largest intergenerational wealth transfer in human history, with roughly $124 trillion changing hands. If we do not act, that transfer of wealth among the ultra-wealthy will lock in a permanent American aristocracy of inherited wealth, with all the political consequences the founders warned us about."Notice he cites the massive wealth transfer, but not the level of inheritance he's targeting - as most slippery slopes begin.Newsom's proposals come after he failed to stop California's legislation from with placing a state-level wealth tax on the November ballot. Newsom’s proposal follows a failed attempt by the governor, billionaires and progressive groups of persuading the union behind the California tax, SEIU-UHW, to withdraw the measure before Thursday evening’s deadline. Newsom had even privately expressed assurances about an agreement, telling a wealthy donor he expected to negotiate the measure off the ballot, Bloomberg News previously reported. -Bloomberg"For Newsom, it’s the worst of all worlds, because it puts him squarely in the middle of a national Democratic debate about equity, taxation and affordability," said Steven Maviglio, a veteran Democratic strategist in the state. "His announcement might deflect from that a bit."Newsom also suggests creating a public equity (slush) fund that would 'take a stake in the artificial intelligence economy.'Anti-Billionaire-Tax-BillionairesShockingly, California's billionaires aren't exactly excited about all this tax malarkey. In fact, while the anti-tax coalition has been most prominently linked to billionaire Sergey Brin (who's funding other ballot measures that could nullify a wealth tax), Planned Parenthood of California and several labor unions are weirdly also against taxing billionaires - arguing that the proceeds from the tax would benefit select groups, while potentially damaging the entire state's budget because wealthy residents will flee. Even they know it's just a slush fund. "We are ready to defeat this convoluted nightmare of a measure in November," a spokesperson for Golden State Promise, a group backed by billionaire Chris Larsen, told Bloomberg, while a different coalition linked to doctors and school boards called California's proposal a threat to "vital funding for education and schools, healthcare and clinics, public safety, and infrastructure projects."Either way, Democrats continue to actively scheme for ways to extract more money from capitalists.