How to Tax a Billionaire

Source: www.motherjones.com · Section: politics · Bias: Left · Published: Tue, 30 Jun 2026 15:46:58 GMT

This November, California voters will weigh what could become America’s first-ever tax on net worth. The Billionaire Tax Act, a ballot initiative put forth by health workers after President Donald Trump blew holes in the state Medicaid budget, would impose a one-time tax of 5 percent on personal wealth exceeding $1 billion. With polls indicating […]

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