They have a billion dollars. And they might have to pay a 5% tax on it. đź’¸
Backers say California’s billionaire tax just got enough signatures to make the ballot. According to the report, it’s a one-time tax on residents with $1.1 billion or more in assets.
But that’s not the full story. Opponents are already pushing competing measures to block it.
Would you support taxing billionaires to fund public programs?
📸 (Image: AI Illustration)
#CaliforniaTax #BillionaireDebate
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