🦋bluesky first seen 2 d ago, last 2 h ago, peak #12
California votes on tax targeting billionaires
Original: California votes on billionaire tax
Californians are voting on a proposed tax on billionaires, a ballot measure that would levy an additional tax on the state's wealthiest residents. Supporters argue it would raise revenue for public services from those most able to pay, while opponents, including some high-profile tech figures, warn it could drive wealthy residents and businesses out of the state. The outcome is being closely watched nationally as a test of appetite for taxing extreme wealth.
Why now: A wealth-tax ballot measure in the largest US state is politically contentious and could influence national debates over taxing the ultra-rich.
CaliforniabillionairesCalifornia voters
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