California Billionaires May Well Prevail in Their Quest to Block a State Wealth Tax
Summary
Greed is on California’s state ballot, and it appears to be winning. For a while, Prop. 40, the Billionaire Tax initiative, which is supported by the state Democratic Party but opposed by many unions and prominent Democrats, was polling well. The notion of taxing the excessive wealth of the super-rich, or the basis of that
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California Billionaires May Well Prevail in Their Quest to Block a State Wealth Tax
Greed is on California’s state ballot, and it appears to be winning. For a while, Prop. 40, the Billionaire Tax initiative, which is supported by the state Democratic Party but opposed by many unions and prominent Democrats, was polling well. The notion of taxing the...
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