This is Gavin Newsom And, This Is Governor Newsom Live At The DealBook Summit With Andrew Ross Sorkin
12 snips
Dec 5, 2025 
Gavin Newsom, the Governor of California and a prominent political figure, engages in a riveting conversation with Andrew Ross Sorkin. They tackle the future of the Democratic Party as a big tent, discuss innovative ways to democratize the economy without a wealth tax, and how to effectively combat Trump's influence on elections. Newsom also highlights California's economic strengths, critiques crony capitalism, and outlines qualities needed for the 2028 presidential nominee. Their chat is both insightful and entertaining!
AI Snips
Chapters
Books
Transcript
Episode notes
Democrats Back On Offense
- Gavin Newsom argues the Democratic Party has shifted from defense to offense and is more unified and energized.
- He says democratizing the economy and combining growth with inclusion is essential to winning back voters.
Prefer Cost Cuts Over Wealth Tax
- Newsom rejects a California wealth tax as impractical and warns of competitive flight and measurement challenges.
- He advocates reducing costs and building wealth through policies like manufacturing insulin and child savings accounts.
Create Wealth Early For Fairer Outcomes
- Do focus on pre-distribution policies like child savings accounts and baby bonds to create wealth opportunities early.
- Implement universal basic capital ideas to democratize economic participation and protect democracy.
