Galaxy Digital CEO Novogratz calls for federal wealth inequality debate amid California tax controversy. This needs federal attention.

Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz emphasized the importance of shifting the conversation around wealth and income taxes from the state and local levels to the federal level. In a recent communication, the billionaire urged for a federal debate on the impact of taxation on Monday, highlighting that the issue of wealth inequality and taxing the super-rich is gaining momentum. Novogratz stressed the persistence of this topic, stating, “This isn't going to just go away.” He pointed out that while Governors and Mayors are currently leading the discussion, it is crucial for it to become a federal matter. The New York City-based cryptocurrency mogul highlighted that most taxation takes place at the Federal level, suggesting that Americans are more inclined to relocate to a different state to avoid high taxes rather than leaving the country altogether. This perspective comes amid the ongoing debate about wealth and income inequality. For more details, visit Benzinga.com.