California Gov. Gavin Newsom is transforming himself into a 2028 populist for the white-collar middle class now threatened by ruthless layoffs and accelerating Artificial Intelligence.
“There’s a reason Donald Trump’s in office, there’s a reason Bernie [Sanders] fills stadiums: they’re both right on the diagnosis,” Newsom told a May 19 meeting held by the pro-migration Center for American Progress.
The fix, Newsom said, is a major overhaul of the nation’s workplace rules and wider distribution of stock-market wealth:
I’m thinking about universal basic capital [not income]. I’m thinking about public equity funds and dividends, I’m thinking about…
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