Gavin Newsom is pushing a big tax on the richest Americans, framed here as a political move to win votes rather than fix the economy.

• Newsom wants a new tax on the top 10%, who he says own two-thirds of all the wealth.
• His pitch: the system is broken, wages have stayed flat while the cost of living has soared.
• He points out that for the first time, a 30-year-old is not doing better than their parents.
• The counter-argument is that this is really a campaign play — tax the rich to buy votes for a presidential run.

Outlook: Expect this "tax the wealthy" message to become a core theme if Newsom runs for president.