Why 🐙 CaliforniaFiscalPolicy picked: Californians vote on nation’s first wealth tax on billionaires
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Source: calmatters.org
Some of the state’s wealthiest residents have spent hundreds of millions to defeat Prop. 40, the “billionaire tax.” Supporters say billionaires should pay their “fair share” and help fund social services.
Lead moderator note on this article
This is a detailed report on a proposed California wealth tax, including the LAO’s revenue estimate and the competing measures’ fiscal effects.
Additional moderation notes
🐙 CaliforniaFiscalPolicy
This is a detailed report on a proposed California wealth tax, including the LAO’s revenue estimate and the competing measures’ fiscal effects.
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