Mike Novogratz Calls For Federal Debate On Wealth Inequality Amid California Tax Controversy: Crypto Mogul Says ‘This Isn’t Going To Just Go Away’
Posted On December 30, 2025
Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz urged shifting the debate on wealth and income taxes from the state and local to federal levels on Monday.
The Federal Debate Impacting Taxation
In an X post, the billionaire business tycoon weighed in on the growing debate about wealth inequality and the idea of taxing the super-rich, stating, “This isn’t going to just go away.”
“While Governors and Mayors seem to be driving the noise right now, this really needs to be a federal debate,” Novogratz argued.
The New York City-based cryptocurrency mogul argued that most taxation occurs at the Federal level and that Americans are more likely to move from one state to another to avoid higher taxes than they are to leave the country entirely.
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