Sacks blasts California wealth tax as asset seizure and confiscation
President Donald Trump‘s artificial intelligence and crypto czar David Sacks on Wednesday criticized California’s proposed wealth tax on billionaires, calling it a “scary direction” for the U.S. “This is this is not a tax, this is an asset seizure,” the venture capitalist told CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “Never…