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Mmastodon WorldElections first seen 1 d ago, last 18 h ago, peak #3

California billionaires spend $340 million fighting billionaire tax

Original: Remember: If California billionaires can burn through $340 million to run ads against paying a billionaire tax, then the

Campaigners in California say billionaires have spent $340 million on advertising against a proposed tax on billionaires, arguing the sum itself proves they could easily afford to pay it. The message urges voters to support Proposition 40, a billionaire tax measure, while rejecting related ballot propositions 41 and 42 in the state election.

Why now: Voters are weighing billionaire-funded opposition to a wealth tax measure on California's ballot.

CaliforniaProposition 40Proposition 41Proposition 42

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