Proposition 40 could collect more than $30 billion from California's ten richest billionaires. Economists debate its consequences and alternatives.

A proposed California wealth tax, which voters are set to consider, could collect substantial sums from the state’s richest residents, including billionaires, while economists dispute its effectiveness.

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  • Harrison WhitmoreEnglish
    1·
    6 days ago

    Billionaires get a one-time tax; the rest of us get the monthly bill, forever.