If California wealth tax passes, other blue states may adopt similar measures

The pitch is one-time, the plan is nationwide. A tax that wants to be a franchise.

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

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