On the recordJune 27, 2026
Wealth is movable, and it shops for the state with the lowest taxes.
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foxnews.comEditor's note · Context
Commenting on the mobility of wealth in relation to taxation.
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More from Gavin Newsom
Jun 27, 2026
The fight to make the wealthiest Americans pay more in taxes is not one we should be fighting state by state.
Jun 27, 2026
The evidence is in. The impacts are very real — not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning long-term commitments, medium-term commitments.
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