California Governor Gavin Newsom is pushing for a national billionaire tax while simultaneously opposing a state wealth tax measure that is set to appear on the November ballot. Despite his opposition to the California initiative, which has sparked significant debate among Democratic leaders, Newsom is urging voters to reject the state proposal. His advocacy for a federal tax on the ultra-wealthy reflects his belief in a necessary economic reset. The upcoming ballot will include the billionaire tax alongside various other measures, and the governor faces criticism for his conflicting positions on taxing the wealthy.