Liberals hope California ballot measure will be the foot in the door for wealth taxes

Californians will decide this November whether to impose a historic one-time wealth tax on billionaires. If they are successful, proponents hope to launch similar efforts across the country to tax the wealth of the ultra-rich. Passage of Proposition 40 would enact the first state-level wealth tax, which the ballot measure’s backers, including socialists, see as […]

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