A campaign to plug California’s leaky health care system by squeezing the state’s richest has a high-profile opponent: Gov. Gavin Newsom .

Dan Newman, a political adviser opposing the campaign to tax billionaires, said Newsom is against a plan to slap a one-time, 5% tax on roughly 200 Californians worth more than $1 billion to “replace lost federal dollars and protect essential services,” as described by the campaign’s website.

If enacted, tech titans like Meta CEO Mark Zuckerberg and Nvidia’s Jensen Huang could see colossal tax bills running in the billions . Five percent of Huang’s estimated net worth is equivalent to roughly $8 billion, and Zuck’s tax bill could total more than $12 billion.

The revenues are intended to fund health care services and the state’s struggling school

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